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BTS lts issued 380000 ,7%,10 year bonds on January 1 2020 for 407968 this price resulted in effective interest rate of 6% on the bonds

BTS lts issued 380000 ,7%,10 year bonds on January 1 2020 for 407968 this price resulted in effective interest rate of 6% on the bonds interest is payable annually on january 1 BTS ltd uses the effective interest method to amortize bond premium or discount prepare the bond premium amortization schedule round to the nearest pound

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