Gold Enterprises recently issued $40 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $37,796,299 to yield a 13% annual rate.
Use the table below to show the amortization of the discount, interest expense, and the carrying amount of the bonds from issuance till the end of Period 4.

Question

Gold Enterprises recently issued $40 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $37,796,299 to yield a 13% annual rate. 
Use the table below to show the amortization of the discount, interest expense, and the carrying amount of the bonds from issuance till the end of Period 4.

Quizplus · Accepted Answer

The Answer of Gold Enterprises recently issued $40 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $37,796,299 to yield a 13% annual rate. 
Use the table below to show the amortization of the discount, interest expense, and the carrying amount of the bonds from issuance till the end of Period 4.

Gold Enterprises Recently Issued $40 Million of 12% Coupon Bonds