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On January 1 , a company issues three-year bonds with a par value of $740,000 and a contract rate of 13%. Interest is paid semiannually
On January 1 , a company issues three-year bonds with a par value of $740,000 and a contract rate of 13%. Interest is paid semiannually on June 30 and December 31. The annual market rate at the date of issuance is 12%, and the bonds are sold fo $758,222. Enter answers in each of the following tabs. Compute the premium on these bonds at issuance. On January 1 , a company issues three-year bonds with a par value of $740,000 and a contract rate of 13%. Interest is paid semiannually on June 30 and December 31 . The annual market rate at the date of issuance is 12%, and the bonds are sold for $758,222. Enter answers in each of the following tabs. Compute total bond interest expense that will be recognized over the life of these bonds. On January 1 , a company issues three-year bonds with a par value of $740,000 and a contract rate of 13%. Interest is paid semiannually on June 30 and December 31. The annual market rate at the date of issuance is 12%, and the bonds are sold for 5758,222. Enter answers in each of the following tabs. Prepare a straight-line amortization table for these bonds. Note: Round intermediate calculations to the nearest dollar
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