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Bond - Premium Facts: 1) Loan Value (5 bonds at a face value of 4,000 each) => $ 20,000 2) Payments > semiannual 3) Life

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Bond - Premium Facts: 1) Loan Value (5 bonds at a face value of 4,000 each) => $ 20,000 2) Payments > semiannual 3) Life => 2 years 4) Market Rate => 10% 5) Face Rate => 12% Cash Proceeds ====> 20,709.19 Interest Expense Cash Payment Amortization of the Discount Carrying Value (B/S Value) Premium Face Value

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