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A corporation issued bonds on January 1, 2018 with the following terms: Face Value: $500,000 Coupon Rate of Interest 8%, Term: 10 years Interest: Semi-annual
A corporation issued bonds on January 1, 2018 with the following terms: Face Value: $500,000 Coupon Rate of Interest 8%, Term: 10 years Interest: Semi-annual payments on June 30 and December 31 Market Rate of Interest 10% What is the amount of unamortized discount or premium (after the interest payment is made) on June 30, 2019? A. $39,627 B. $56,312 C. $60,373 D. $54,128 E. $62,260
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