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Christmas Anytime issues $750,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Calculate the issue price of a bond and complete the...

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Christmas Anytime issues $750,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Required:

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 1. The market interest rate is 7% and the bonds issue at face amount.

2. The market interest rate is 8% and the bonds issue at a discount.

3. The market interest rate is 6% and the bonds issue at a premium.

 

Answered Same Day Dec 26, 2021

Solution

Robert answered on Dec 26 2021
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