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Calculate the bond discount balance

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Question: On January 1, 20X1, when the market rate of interest was 12%, Kampo Inc issued seven-year bonds with a maturity value of $800,000. The bonds have a 10% stated rate and pay interest semi-annually on July 1 and December 31. (Round your intermediate calculations and final answers to the nearest whole dollar amount)

Requirement: Calculate the bond discount balance as of July 1, 20X1.

Reference no: EM132742453

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