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On January 1, 2022, Laramie Corporation issued a $500,000 4 year bond with a 6% couponrate that pays annually. The market rate of interest is

On January 1, 2022, Laramie Corporation issued a $500,000 4 year bond with a 6% couponrate that pays annually. The market rate of interest is 9% at time of the issue. Calculate theprice at which this bond will sell for on January 1 and prepare a schedule to show theamortization of any premium or discount over the life of the bond

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