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Question 1: At the beginning of 2020 Jaja Cor. issued 200,000 bonds for 40 years. The stated rate was 8% and the market rate was
Question 1:
At the beginning of 2020 Jaja Cor. issued 200,000 bonds for 40 years. The stated rate was 8% and the market rate was 5%.
Instruction:
1- Calculate the carrying value for the bonds at the issuance date using Excel
2- Prepare the amortization schedule using Excel
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