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On May 1, 2020, TTD Ltd issued a series of bondsin order to raise money for some upcoming projects. The bonds had a face value

On May 1, 2020, TTD Ltd issued a series of bondsin order to raise money for some upcoming projects. The bonds had a face value of $5160000 and matured in 10 years. Interest was payable at a face rate of 6% each April 30 and October 31. the bonds were issued to yield 7%.

Calculate the issue price of the bonds.

Prepare a bond discount/premium amortization schedule.

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