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X Corporation issues a $1000 bond. The bond is priced at $1,052.42. It matures in 3 years. The bond pays a 10% coupon and it

X Corporation issues a $1000 bond. The bond is priced at $1,052.42. It matures in 3 years. The bond pays a 10% coupon and it yields 8% compounded semiannually. Bond premium amortization schedule for the bond has to be prepared.

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