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Problem 9-3A Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-6) [The following information applies to the questions displayed below.] Coney

Problem 9-3A Calculate the issue price of a bond and prepare amortization schedules (LO9-5, 9-6) [The following information applies to the questions displayed below.] Coney Island Entertainment issues $1,100,000 of 5% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Required: 1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) 2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

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