On june 30 2007 semiannual secured bonds having a face

Reference no: EM13611115

On June 30, 2007, semiannual secured bonds having a face valueof $200,000, a life of 10 years and a coupon rate of 7% werepurchased to yield 6%. Assume that $214,878.28 was paid for thebonds.

a.What amount of interest revenue should be recorded at the firstinterest receipt date?

b.what amount of premium (or discount) will be amortized at thefirst interest receipt date?

c.What is the amount of cash flow at the first interest receiptdate?

Reference no: EM13611115

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