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On January 1,2022 , Bramble Corp. issued $3,940,000 face value, 8%,10-year bonds at $3,687,144. This price resulted in an effective-interest rate of 9% on the
On January 1,2022 , Bramble Corp. issued $3,940,000 face value, 8%,10-year bonds at $3,687,144. This price resulted in an effective-interest rate of 9% on the bonds. Bramble uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. (a) Your answer is correct Step by Step Solution
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