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On June 30,2025, Taco Surf Company issued $4,000,000 face value of 13%,20 -year bonds at $4,300,920 , a yield of 12% . Assume any premium/discount
On June 30,2025, Taco Surf Company issued
$4,000,000
face value of
13%,20
-year bonds at
$4,300,920
, a yield of
12%
. Assume any premium/discount is amortized using the effective interest method and the bonds pay semiannual interest on June 30 and December 31.\ Required:\
i=6%,n=40
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