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please answer the question as soon as possible with explanation that I can understand completely On June 1, 2023, Shebandowan Investors Inc. issued a $4,820,000,10%,
please answer the question as soon as possible with explanation that I can understand completely
On June 1, 2023, Shebandowan Investors Inc. issued a $4,820,000,10%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Use TABLE 14A.1 and TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 11%. (Do not round intermediate colculations. Round final answer to the nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermedia answers to the nearest whole dollar. Enter all the amounts as positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermec answers to the nearest whole dollar. Enter all the amounts as positive values.)Step by Step Solution
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