Question
t the beginning of its current fiscal year, TRE Co. issued $500,000 of 8%, 15-year bonds at a premium of $45,320. Interest is payable annually.
t the beginning of its current fiscal year, TRE Co. issued $500,000 of 8%, 15-year bonds at a premium of $45,320. Interest is payable annually. Assuming that the effective interest method is used and that the yield rate is 7%, the unamortized premium at the beginning of the next year is approximately?
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The Essentials Of Machine Learning In Finance And Accounting
Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin
1st Edition
0367480816, 978-0367480813
