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Find and determine the value of the bond

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Reference no: EM132743241

On 1/1/21, Anna Corp. issued 5 years bonds with a face value of $30,000 and a 16% stated rate payable semiannually. The bond was issued with a market/yield rate of 12% and a price of $34,416.

Problem 1:  Based on the information above, amortize the bond to determine:

-2022 Cash Flows Bond = ______________
-2022 Interest Expense = _________________
-12/31/22 Carrying Value = _________________

Problem 2: Determine the value of the bond on 1/1/23 assuming the prevailing market rate increased to 16%.

Reference no: EM132743241

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