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Posted on Jun 10, 2024

On June 3 0 , 2 0 2 1 the market interest rate is 1 0 % winner corporation issues $ 8 5 0 ,

On June

30, 2021

the market interest rate is

10 %

winner corporation issues $

850, 000

11 % 30

year bonds payable the bonds pay interest on June

30

and December

31

the company amortize bond premium using the effective interest method use the PV function in excel to calculate the issue of the bonds. The issue price of the bond is

.

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