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XYZ Inc. issues $1000 million face value, eight-year bonds with a coupon rate of 3.5%. At the time of issuance, the market interest rate is
- XYZ Inc. issues $1000 million face value, eight-year bonds with a coupon rate of 3.5%. At the time of issuance, the market interest rate is 4.5%. Using the effective interest rate method of amortisation, what is the amortisation in year 2?
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
