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Stanford issues bonds dated January 1, 2021 with a par value of $244,000. The bonds in your contract rate is 10% in interest is paid
Stanford issues bonds dated January 1, 2021 with a par value of $244,000. The bonds in your contract rate is 10% in interest is paid semi annually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 12% in the bonds are sold for 232,000 thousand and $11. What is the amount of discount on these bonds at issuance? How much total interest expense we recognize her life for these bonds? Prepare an effective interest amortization table for these bonds.
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