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Question # 10 Alpha company purchased a $1,000, %5, 6-year bonds at 97 and was held to maturity. The straight line method of amortizations is

Question # 10

Alpha company purchased a $1,000, %5, 6-year bonds at 97 and was held to maturity. The straight line method of amortizations is useful for both premiim & discounts. What is the net cash received over the life of the bond investment?

PLEASE SHOW CALCULATIONS

Thanks

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