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Ziboo Inc. issues bonds with a $100,000 par value 5% annual interest 4 year bond. The market rate for the bonds is 2% at the
Ziboo Inc. issues bonds with a $100,000 par value 5% annual interest 4 year bond. The market rate for the bonds is 2% at the issue date. These bonds will sell for $111,423. Provide an amortization table showing the 4 years of discount or premium amortization and label your work clearly to indicate if you are amortizing a discount or premium.
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