Calculate the bond discount or bond premium

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Question - Calculate the Bond Discount or Bond Premium Amortization Schedule based on the following information using the effective interest rate method to solve. We are issuing a five-year Bond at 9%, $100,000 bond issue with the current Fair Market rate being 10%. Interest is paid semi-annual and assume 360 days in the year. If it is a Bond Discount, the initial carrying value is $96,139 and if a Bond Premium, the initial carrying value is $104,056.

Reference no: EM133091000

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