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Business, 30.11.2019 02:31 aprilpendergrass

Stanford issues bonds dated january 1, 2017, with a par value of $258,000. the bonds’ annual contract rate is 6%, and interest is paid semiannually on june 30 and december 31. the bonds mature in three years. the annual market rate at the date of issuance is 8%, and the bonds are sold for $244,471. prepare an amortization table using the effective interest method to amortize the discount for these bonds.

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Stanford issues bonds dated january 1, 2017, with a par value of $258,000. the bonds’ annual contrac...
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