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Please show formulas and how to find answers. Thank you A bond was issued at $1,815,085 on January 2014. The bond must be repaid in
Please show formulas and how to find answers. Thank you
A bond was issued at $1,815,085 on January 2014. The bond must be repaid in 6 years for $2,000,000. It pays interest payments at 6% of par and the market rate is 8%. 17. What is the interest expense recorded in 2017? a. $145,207 b. $147,223 c. $151,753 d. $120,000 18. What is the book value in 2018? a. $1,928,669 b. $1,962,963 c. $2,000,000 d. $1,815,085Step by Step Solution
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