|Compute bond proceeds, amortizing discount by interest method, and interest expense|
|Face amount of bonds||$84,000,000|
|Contract rate of interest||7%|
|Term of bonds, years||5|
|Market rate of interest||11%|
|Using formulas and cell references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green entry cells (C13:C16) into the appropriate fields in CNOWv2 for grading.|
|a.||PV of cash proceeds|
|b.||Discount amortized for the 1st interest payment period|
|c.||Discount amortized for the 2nd interest payment period|
|d.||Interest expense for the 1st year|
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