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Question 28 (15 points) TwoMuch $$$, Inc. sold a 5-year, $100,000 bond with a stated rate of 6% with interest payable semi-annually. The market rate
Question 28 (15 points) TwoMuch $$$, Inc. sold a 5-year, $100,000 bond with a stated rate of 6% with interest payable semi-annually. The market rate is 8%. Using the straight-line method of amortization, what is the carrying value of the bond at the end of period 3? a) $95,699.83 Ob) $91,888.70 c) $93,510.96 d) $94,322.09
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