Computation. 1. On January 1, 2021, Cine Inc. issued 3,000,000 bonds with a coupon rate of 8% maturing in 4 years. The interest is paid annually, and the market interest rate at the date of issue was 11%. What is the issue price of the bond? Prepare the 4-year amortization schedule for the bond.

Experience Computation 1. On January 1, 2021. Cine Inc. issued 3,000,000 bonds with a coupon rate of 8% maturing in 4 years. The interest is paid annually, and the market interest rate at the date of issue was 11%. What is the issue price of the bonda Prepare the 4-year amortization schedule for the bond. References