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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
image text in transcribed
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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