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The notes to the Thorson Ltd. financial statements reported the following data on December 31 , Year 1 (end of the fiscal year): (Click the
The notes to the Thorson Ltd. financial statements reported the following data on December 31 , Year 1 (end of the fiscal year): (Click the icon to view the financial statement data.) Thorson amortizes bond discounts using the effective-interest method and pays all interest amounts at December 31. read the Requirement 1. Assume the market interest rate is 6% on January 1 of year 1 , the date the bonds are issued. (Round your answers to the nearest whole dollar.) asing the PV function in Excel, what is the issue price of the bonds? The issue price of the bonds is Data table
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