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On January 1, 2025, Ivanhoe Co. issued ten-year bonds with a face value of $4,375,000 and a stated interest rate of 10%, payable semiannually on
On January 1, 2025, Ivanhoe Co. issued ten-year bonds with a face value of $4,375,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are: Vour answer is correct. Calculate the issue price of the bonds. (Round final answer to 0 decimal places, e.g. 25,000.) Prepare the amortization table for 2025 , assuming that amortization is recorded on interest payment dates using the effectiveinterest method. (Round answers to 0 decimal places, e.g. 25,000.)
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