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Calculate the amount of bond discount or premium

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Reference no: EM133010857

Problem 1: On June 1, 2021 Chicago Corporation issued $100,000 of 6%, 10-year bonds. The bonds which were issued at 98, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).

Reference no: EM133010857

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