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Business, 22.07.2021 05:10 gakima57

Alpha A Company has decided to issue bonds with the following characteristics:Face value (par)$100,000Stated rate (coupon rate)12%The market (yield, effective) rate6%Maturity date (redemption date)March 1, 2023The bonds wereissued on March 1, 2021, and interest will be paid on March 1 and September 1 of each year until the bonds are redeemed. Required:If the bonds sell for $111,151, prepare the Schedule of Bond Discount or Premium Amortization. Use the effective interest rate method. Show all of your work to receive any credit starting with the formula in words or symbols. You may round all of your final calculations to the nearest dollar.

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