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Business, 23.08.2021 23:10 alialoydd11

Kingbird Corporation issued $460,000, 8%, 20-year bonds on January 1, 2022, for $418,008. This price resulted in an effective-interest rate of 9% on the bonds. Interest is payable annually on January 1. Kingbird uses the effective-interest method to amortize bond premium or discount.

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Kingbird Corporation issued $460,000, 8%, 20-year bonds on January 1, 2022, for $418,008. This price...
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