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James River Enterprises issued a bond on January 1, 1996, with a face (maturity) value of $1,000 and a coupon rate of 8% per year.
James River Enterprises issued a bond on January 1, 1996, with a face (maturity) value of $1,000 and a coupon rate of 8% per year. The bond paid interest semiannually, and matured in three years. Prepare an amortization table in the format shown below, under each of the following circumstances: a. The market rate on the date of issue was 8%. b. The market rate on the date of issue was 10%. c. The market rate on the date of issue was 6%.
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