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On January 1 of this year, Houston Company issued a bond with a face value of $11,000 and a coupon rate of 7 percent. The

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On January 1 of this year, Houston Company issued a bond with a face value of $11,000 and a coupon rate of 7 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Houston uses the effective interest amortization method (V of $1. PVIES EVA Stand (Use the appropriate factors) from the tables provided. Round your final answer to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the band's Enter all values as positive values.) Date Cash Interest Interest Expense Premium Amortization Book Value of Band Jan. 01. Your 1 Dec 31 Yeart Dec 31, Year 2 Dec 31, Year 3

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