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Need help on this practice sheet Switzerland sold 100 million Swiss Francs of three-year, zero coupon bonds on March 31, 2016. The yield on the

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Switzerland sold 100 million Swiss Francs of three-year, zero coupon bonds on March 31, 2016. The yield on the bonds was-1%. Prepare the three-year amortization schedule for the bond. (Hint: You will need to use the present value formula (Si1+D") to calculate the present value factor). 1. a) Prepare the adjusting journal entry necessary at 12/31/17 Explain why the interest rate on the Greek bonds was higher than the rate on the Swiss bonds. 2. 3. Explain why investors would accept a negative interest rate on the Swiss bonds

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