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On Januacy 1, 2022, Pipestone Corporation issued a seven year, $40.000.7% bond. The interest is payable annually each December 31 . The issue price was

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On Januacy 1, 2022, Pipestone Corporation issued a seven year, $40.000.7% bond. The interest is payable annually each December 31 . The issue price was $37.918 based on an 8.5 offective lnterest rate. Fipestone uses the eflective-interest amortiation method, The December 31, 2023 book value after the December 31, 2023 interest payment was made is closest tor. Munde choice shred 132,th 138.401

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