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help please ASAp. thanks in advance! On January 1, 2021, Cheyenne Co. issued ten-year bonds with a face value of $4,700,000 and a stated interest
help please ASAp. thanks in advance!
On January 1, 2021, Cheyenne Co. issued ten-year bonds with a face value of $4,700,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are: Calculate the issue price of the bonds. Issue price of bond Without prejudice to your solution in part (a), assume that the issue price was $4,154,800. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method Step by Step Solution
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