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9 0 B Share PC On March 1, 2021, Fefferman Inc. issued a $400,000, 8% three-year bond. Interest is payable semi-annually beginning September 1,
9 0 B Share PC On March 1, 2021, Fefferman Inc. issued a $400,000, 8% three-year bond. Interest is payable semi-annually beginning September 1, 2021. Required 4% ES Part 1 Bond price $410,657 5 3.5% a. Calculate the bond issue price assuming a market interest rate of 7% on the date of issue. b. Using the effective interest method, prepare an amortization schedule. c. Record the entry for the issuance of the bond on March 1, interest on September 1, 2021 and March 1, 2022. Part 2 Bond price: $394,800 and the payment of a. Calculate the bond issue price assuming a market interest rate of 8.5% on the date of issue. hcing the effective interact method pronare an amortization schedule 15.1 Bond cert 15.2 Ex1-2 EX3 Ex3-ans F4 Frd-an FY08
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