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celine dion company issued $876,000 of 10%, 20-year ... Question Celine Dion Company issued $876,000 of 10%, 20-year bonds on January 1, 2014, at 102.

celine dion company issued $876,000 of 10%, 20-year ... Question Celine Dion Company issued $876,000 of 10%, 20-year bonds on January 1, 2014, at 102. Interest is payable semiannually on July 1 and January 1. Celine Dion Company uses the effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%.

How is the premium on bonds payable of $438 calculated?

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