Business, 23.12.2021 05:20 ineemorehelp

The Longo Corporation issued $4 million maturity value of 8 percent coupon rate notes, with interest paid semiannually. At the time of the note issuance, equivalent risk-rated debt instruments carried a yield rate of 6 percent. The notes matured in 5 years. Calculate the proceeds that the Longo Corporation would receive from the sale of the notes. Round your answer to the nearest dollar. $Answer How will the notes be reported on Longo's balance sheet immediately following the sale? Round your answers to the nearest dollar. Bonds payable $ Plus: Bond Premium $ Book Value $ Calculate the interest expense on the notes for the first year. Round answers to the nearest dollar.
First six months Second six months $ Calculate the book value of the notes at the end of the first year. Round answer to the nearest dollar.

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The Longo Corporation issued $4 million maturity value of 8 percent coupon rate notes, with interest...

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