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Business, 06.06.2020 18:57 gwendallinesikes

On January 1, 2018, Raymond Corporation sold 4% bonds having a maturity value of $10,000,000. The market yield for bonds of similar risk and maturity is 4.5%. The bonds are dated January 1, 2018, mature on January 1, 2021, and pay interest on June 30 and December 31 of each year. Required:
a. Calculate the price of the bond
b. Create an amortization schedule

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On January 1, 2018, Raymond Corporation sold 4% bonds having a maturity value of $10,000,000. The ma...
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