An Incorporation issued $100 million maturity value of the three- year notes, which carried a coupon rate of four percent and which paid interest semiannually. At the time of the note sale, equivalent risk- rated debt instruments carried a yield rate of six percent. Develop a note amortization table for the Incorporation's four percent, three- year notes. Question 3: Fill in the Bond Amortization Table E9.18 in the Data tab. Show only positive numbers.  Use Excel to do the calculations and don't round.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter11: Bond Pricing And Amortization (bonds)
Section: Chapter Questions
Problem 1R: The University Club recently issued 1,500,000 of 10-year, 9% bonds at an effective interest rate of...
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An Incorporation issued $100 million maturity value of the three- year notes, which carried a coupon rate of four percent and which paid interest semiannually. At the time of the note sale, equivalent risk- rated debt instruments carried a yield rate of six percent. Develop a note amortization table for the Incorporation's four percent, three- year notes.

Question 3: Fill in the Bond Amortization Table E9.18 in the Data tab. Show only positive numbers.  Use Excel to do the calculations and don't round.    
               
Period Cash Payments Interest Expense Amortized Discount Discount Balance Face Value Book Value  
0              
1              
2              
3              
4              
5              
6              
               
               
               
               
               
               
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