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KHL Corporation wished to raise money for a series of upcoming projects. On July 1, 2023, the company issued bonds with a face value of
KHL Corporation wished to raise money for a series of upcoming projects. On July 1, 2023, the company issued bonds with a face value of $5,396,000 due in 5 years, paying interest at a face rate of 8.0% on January 1 and July 1 each year. The bonds were issued to yield 6%. KHL used the effective interest method of amortization for bond discounts or premiums. The company's year-end was September 30 . Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (a) Your answer is partially correct. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971.) on bonds payable $
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