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RESPONSE FAST PLEASE On January 1, 2024, Sheridan issued $6,100,000,10% bonds. Interest is payable semi-annually on June 30 and December 31 . The bonds mature
RESPONSE FAST PLEASE
On January 1, 2024, Sheridan issued $6,100,000,10% bonds. Interest is payable semi-annually on June 30 and December 31 . The bonds mature on January 1, 2034. The bonds are sold to yield 12%. (a) Your answer has been saved. See score details after the due date. Calculate the issue price of the bonds. (Round factor values calculations to 5 decimal places, eg. 2.55555 and final answer to 0 decimal places, e.g. 25,000.) Issue price of bond $ eTextbook and Media (b) Prepare the amortization table for the first year assuming the effective interest method is used to calculate interest. (Round answers to 0 decimal places, e.g. 25,000Step by Step Solution
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