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A company issues term bonds totaling $300,000 on January 1, 2014. The bonds have a coupon rate of 5%, pay interest semi-annually on Jan 1st
A company issues term bonds totaling $300,000 on January 1, 2014. The bonds have a coupon rate of 5%, pay interest semi-annually on Jan 1st and July 1st of each year, and mature in 10 years. The bonds are issued at an effective market rate of 4%, which corresponds to a price of 108.176 ($324,527). The company incurred bond issue costs totaling $35,000. Given this information calculate the following for January 1, 2020:
Bonds Payable-Face Value:
Premium on Bonds Payable:
Unamortized Bond Issue Costs:
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