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On January 1 , 2 0 2 5 , Blossom Co . issued ten - year bonds with a face value of $ 6 ,

On January 1,2025, Blossom Co. issued ten-year bonds with a face value of $6,750,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bond's were sold to yield 12%. Table values are:
Present value of 1 for 10 periods at 10%
0.38554
Present value of 1 for 10 periods at 12%
0.32197
Present value of 1 for 20 periods at 5%
0.37689
Present value of 1 for 20 periods at 6%
0.31180
Present value of annuity for 10 periods at 10%
6.14457
Present value of annuity for 10 periods at 12%
5.650.22
Present value of annuity for 20 periods at 5%,12.46221
Present value of annuity for 20 periods at 6%,11.46992
(a)
Your answer is correct.
Calculate the issue price of the bonds. (Round final answer to 0 decimal places, eg.25,000)
Issue price of bond $
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(b)
Prepare the amortization table for 2025, assuming that amortization is recorded on interest payment dates using the effectiveinterest method. (Round answers to 0 decimal ploces, eg 25,000)
Date
Cash
Expense
Amortization
Carrying
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