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When the market rate of interest was 11%, Shah Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-line method, the amount
When the market rate of interest was 11%, Shah Corporation issued $100,000, 8%, 10-year bonds that pay interest semiannually. Using the straight-line method, the amount of discount or premium to be amortized each interest period would be
a. $4,000
b. $896
c. $17,926
d. $1,793
This is my second time posting this question because I am only getting the answer and not the calculation of how they came to the correct answer. Please help me calculation the problem
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