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3 20. Assume that on January 1, COMCAST issues $100,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%.

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3 20. Assume that on January 1, COMCAST 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. Total 2 Interest Expense Coupon Interest Premium Amortization 0 1 Premium Bond Balance Payable, Net

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