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Question 1 7 On Jannary lst , 2 0 1 9 , a compony issues a 5 - year, 5 % coupon bond with a

Question

17

On Jannary lst

, 2019,

a compony issues a

5 -

year,

5 %

coupon bond with a $

10, 000

face value at $

8, 639 .

What is the amortization in the first year?

(

Round to whole number

)

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