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Blossom Company issued $720,000 of 9%, 7-year bonds on January 1, 2021. The bonds pay interest annually. Click here to view the factor table.
Blossom Company issued $720,000 of 9%, 7-year bonds on January 1, 2021. The bonds pay interest annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Assuming the market interest rate on January 1, 2021, was 8%, calculate the bond's issue price. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, eg. 1.575) Bond issue price $ Prepare an effective interest amortization table for this bond. (Round answers to O decimal places, e.g. 5.276) BLOSSOM COMPANY Bond Premium Amortization Table Effective-Interest Method-Annual Interest Payments 9% Bonds Issued at market rate of 8% Date Interest Payment Jan. Interest Expense Premium Amortization Bond Amortize
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