What is net cash received over the life of bond investment

Reference no: EM133223903

Questions -

Q1) Annapolis Company purchased a $3,000, 5%, 5-year bond at 95 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (All money received minus all money paid, round to nearest whole dollar).

Q2) On January 1, 2021, Baltimore Company issued $500,000 face value, 5%, 10-year bonds at 105. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the annual bond premium amortization. Round your answer to the nearest whole number (no cents).

Reference no: EM133223903

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