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[The following information applies to the questions displayed below.] Christmas Anytime issues $650,000 of 5% bonds, due in 10 years, with interest payable semiannually on

[The following information applies to the questions displayed below.]

Christmas Anytime issues $650,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

The market interest rate is 6% and the bonds issue at a discount.

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