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Gold Enterprises recently issued S40 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 S40 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. Use the table below to show the amortization of the discount, interest expense, and the carrying amount of the bonds from issuance till the end of Period 4 Interest ExpenseInterest PaidAmortization Bond Payable, net Cash Discount Discount Balance 2 4
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