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Bonds and amortization table -Homework problem: ABC Corp. issued $8,000,000 of 8% debentures on January 1, 2023. The bonds pay interest semiannually on July 1
Bonds and amortization table -Homework problem:
ABC Corp. issued $8,000,000 of 8% debentures on January 1, 2023. The bonds pay
interest semiannually on July 1 and January 1. The maturity date on these bonds is
January 1, 2031. The firm uses the effective-interest method of amortizing
discounts and premiums. The bonds were sold to yield an effective interest rate of
10%.
Required: Prepare the amortization table.
please include an excel table
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