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On January 1, 2015, Sean purchased an 8%, $100,000 corporate bond for S92.277. The bond was issued on January 1, 2015, and matures on January

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On January 1, 2015, Sean purchased an 8%, $100,000 corporate bond for S92.277. The bond was issued on January 1, 2015, and matures on January 1, 2020. 49. A s edule of Interest is paid semiannually, and the effective yield to maturity is 10% compounded sem annually. On July 1, 2016, Sean sells the bond for se5 interest amortization for the bond follows: (Click the icon to view the interest amortization schedule.) Requirements a. How much interest income must Sean recognize in 2015? b. How much interest income must Sean recognize in 2016? c. How much gain must Sean recognize in 2016 on the sale of the bond? Requirement a. How much interest income must Sean recognize in 2015? Sean must recognize Requirement b. How much interest income must Sean recognize in 2016 of interest income in 2015 Sean must recogrize Sean must recognize $ of interest income in 2016 . Requirement c. How much gain must Sean recognize in 2016 on the sale of the bond? Sean must recognize a gain on the sale of the bond in 2016

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