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emptation Vacations issues $58 million in bonds on January 1, 2021, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (4) (5)   Cash Paid for Interest Interest Expense Decrease in Carrying Value Carrying Value Date         1/1/2021       $65,279,805 6/30/2021 $1,740,000 1,631,995 $108,005 65,171,800 12/31/2021 1,740,000 1,629,295 $110,705 65,061,095 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000))     Face amount $

emptation Vacations issues $58 million in bonds on January 1, 2021, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (4) (5)   Cash Paid for Interest Interest Expense Decrease in Carrying Value Carrying Value Date         1/1/2021       $65,279,805 6/30/2021 $1,740,000 1,631,995 $108,005 65,171,800 12/31/2021 1,740,000 1,629,295 $110,705 65,061,095 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000))     Face amount $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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emptation Vacations issues $58 million in bonds on January 1, 2021, that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:

(1) (2) (3) (4) (5)
  Cash Paid for Interest Interest Expense Decrease in Carrying Value Carrying Value
Date        
1/1/2021       $65,279,805
6/30/2021 $1,740,000 1,631,995 $108,005 65,171,800
12/31/2021 1,740,000 1,629,295 $110,705 65,061,095

3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000))

 
 
Face amount $
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