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Premium Amortization On the first day of the fiscal year, a company issues a $7,400,000, 10%, 9-year bond that pays semiannual interest of $370,000 ($7,400,000

Premium Amortization

On the first day of the fiscal year, a company issues a $7,400,000, 10%, 9-year bond that pays semiannual interest of $370,000 ($7,400,000

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