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Question 1 (2 points) Saved Jacob and Company issued bonds on November 30, 2018. The bonds have a stated rate of 2%, a face value
Question 1 (2 points) Saved Jacob and Company issued bonds on November 30, 2018. The bonds have a stated rate of 2%, a face value of $325.000, and were issued for $217,857.40, reflecting a yield rate of 4%. The interest payment dates are May 31 and November 30 and the bonds mature in ten years. Jacob uses the effective interest method to amortize discounts and premiums. What is the amount of unamortized bond premium at May 31, 2020? $44.128.03. $53,142.60 $46,449.05. $48,724.56. $50,955.45. Question 2 (2 points) Which of the following is the term for bonds that pay back principle over a period of
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