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On January 1 , 2 0 2 4 , Coney Island Entertainment issues $ 1 , 6 0 0 , 0 0 0 of 7

On January 1,2024, Coney Island Entertainment issues $1,600,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assume that the market interest rate is 6% and the bonds issue at a premium.
3a. Calculate the issue price of a bond.
3b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1)

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