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Premium Amortization On the first day of the fiscal year, a company issues a $4,500,000, 10%, 10-year bond that pays semiannual interest of $225,000 ($4,500,000
Premium Amortization On the first day of the fiscal year, a company issues a $4,500,000, 10%, 10-year bond that pays semiannual interest of $225,000 ($4,500,000 � 10% � ½), receiving cash of $5,...
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