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Compute the total bond interest expense over the bonds life

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Reference no: EM131773240

Question - Venus issues 9%, five-year bonds dated January 1, 2007, with a $300,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $312,177. The annual market rate is 8% on the issue date.

Required:

A. Compute the total bond interest expense over the bonds life.

B. Use the market rate at issuance to compute the present value of the remaining cash flows for these bonds as of December 31, 2009.

Reference no: EM131773240

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