Question
On 1/1/2020 Jamela corporation invested in held to maturity securities the face value was $200,000 the maturity date is 1/1/2040. The security market rate
On 1/1/2020 Jamela corporation invested in held to maturity securities the face value was $200,000 the maturity date is 1/1/2040. The security market rate was 5% and the stated rate was 10%. Instruction: 1- Calculate the discount /premium if any on the security using Excel (2.5 Points). 2- Prepare the amortization schedule using Excel (5 Points).
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