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Gold Enterprises recently issued $40 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $37,796,299 to yield
Gold Enterprises recently issued $40 million of 12% coupon bonds, payable semiannually, which mature in 10 years. The bonds were sold for $37,796,299 to yield a 13% annual rate. Complete the following table except for cells that are crossed out. Round your answers to the nearest dollar. Interest Expense Interest Paid Discount Amortization Carrying value of Bond Payable 0 $37,796,299 1 2
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