Business, 13.08.2021 01:00, Vamoppppp

On January 2, 2020, Weatherly Company issued $9,000,000 of their 10-year bonds at 96. The bonds have a stated rate of 5% and the annual interest payments are made each December 31. Required: Compute the following amounts. Show 3 decimal places for the effective interest rate (such as 7.042%). Proceeds from the bond sale$8640000.00 Effective interest rate (annual) 5.936% Amount of each interest payment$ 225,000.00

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On January 2, 2020, Weatherly Company issued $9,000,000 of their 10-year bonds at 96. The bonds have...