The person who issues a bill of exchange is referred to as a ________

The category of securities with the highest historical risk premium is

A) small company stocks. B) small company corporate bonds. C) large company stocks. D) government bonds.

Tina's Wear issued 10-year bonds with a face value of $50,000. The bonds carry a 7% stated interest rate and pay interest once a year. They were issued when the market interest rate was 8% and sold for $46,644.78

Required: a. Complete the amortization schedule for the first two years of the bond issue using the effective interest method. Beginning carrying value Cash payment Interest expense Amortization of discount Ending carrying value Year 1 $46,644.78 Year 2 b. Put an X in the appropriate box to describe how each of these items will behave with each additional interest payment: Increase Decrease Remain the same 1 Cash payment for interest 2 Interest expense 3 Bond carrying value c. Fill in the correct dollar amounts: At maturity, after the last interest payment has been made, the unamortized discount on the bonds will be $________ and the carrying value of the bonds will be $________.