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On October 1, 2020. Best Biopharma Inc. issued an $830,000, 90%, seven-year bond. Interest is to be paid annually each October Assume a November 30

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On October 1, 2020. Best Biopharma Inc. issued an $830,000, 90%, seven-year bond. Interest is to be paid annually each October Assume a November 30 year-end. (Use TABLE 14A1 ond TABLE 14A.2.) (Use appropriate factor(s) from the tables provided) Required: o. Calculate the issue price of the bond assuming a market interest rate of 70% (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond 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.) Cash Interest Paid Period Interest Expense Premium Amort Unamortized Premium Carrying Value Period Ending Oct 1/20 Oct 1/21 Oct 122 Oct 1/23 Oct 1/24 Oct 1125 Od 1/20 Oct 127

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