On October 1 , 2 0 2 3 , Best Biopharma Inc issued an $ 8 0 0 , 0 0 0 , 1 2 0 , seven year bond Interest is to be paid annually each October 1 Assume a November 3 0 year end ( Use TABLE 1 4 A 1 and TABLE 1 4 A 2 ) ( Use appropriate factor ( s ) from the tables provided ) Required a Calculate the issue price of the bond assuming a market interest rate of 1 0 0 ( Do not round intermediate calculations Round the final answer to the nearest whole dollar ) b Prepare an amortization schedule using the effective interest method ( Do not round intermediate calculations Round the final answers to the nearest whole dollar Enter all the amounts as positive values )

Question

On October 1 , 2 0 2 3 , Best Biopharma Inc  issued an $ 8 0 0 , 0 0 0 , 1 2   0   , seven   year bond  Interest is to be paid annually each October 1   Assume a November 3 0 year   end  ( Use TABLE 1 4 A   1 and TABLE 1 4 A   2   ) ( Use appropriate factor ( s ) from the tables provided  ) Required  a   Calculate the issue price of the bond assuming a market interest rate of 1 0   0     ( Do not round intermediate calculations  Round the final answer to the nearest whole dollar  ) b   Prepare an amortization schedule using the effective interest method  ( Do not round intermediate calculations  Round the final answers to the nearest whole dollar  Enter all the amounts as positive values  )

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Question

On October 1 , 2 0 2 3 , Best Biopharma Inc. issued an $ 8 0 0 , 0 0 0 , 1 2

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