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1. Assume that on January 1, RCL Corp issues $100,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest
1. Assume that on January 1, RCL Corp issues $100,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years. 0 1 2 3 Total Interest Expense Coupon Interest Premium Amortization Premium Balance Bond Payable, Net
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