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On June 1, 2023, JetCom Inventors Inc. issued a $550,000 7%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Required: a.

On June 1, 2023, JetCom Inventors Inc. issued a $550,000 7%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Required: a. Calculate the issue price of the bond assuming a market interest rate of 8%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole

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