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please answer all! Problem #2 - 15 Points On January 1,2006,Hi and Lois Company purchased 12% bonds, having a maturity value of $150,000, for $161,372.

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Problem \#2 - 15 Points On January 1,2006,Hi and Lois Company purchased 12% bonds, having a maturity value of $150,000, for $161,372. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1,2011, with interest receivable December 31 of each year. Hi and Lois Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. - Annual Interest not Semi-Annual - Round to whole dollar Bond Amortization Schedule

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