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13 Save Ans 1 points Fill in Blank. On October 1, 2019, Aries Claw Inc. (a calendar-year firm) issues 6,000 of corporate bond, each with
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Save Ans 1 points Fill in Blank. On October 1, 2019, Aries Claw Inc. (a calendar-year firm) issues 6,000 of corporate bond, each with face value $ 1,000, stated interest rate 8%, and maturity date set at Oct 1st, 2024. Interest is payable at each April 1st and Oct 1st after issuance date. Under effective interest rate method, Aries presents the following bond discount/premium amortization schedule: Cash Paid Interest Expense Amort. Discount/Premium October 1, 2019 April 1, 2020 October 1, 2020 April 1, 2021 $240,000 240,000 $276,834 278,676 $36,834 38,676 Carrying Value of Bonds $5,536,676 5,573,510 5,612,186 What is the carrying value of the bonds as of April 1st, 2021? (Round your answer to the nearest dollar amount)
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