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Find and solve the amount of bond discount or premium

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Reference no: EM132660713

Problem 1: On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds. The bonds which were issued at 101, 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. If this is discount amortization enter as a positive number. If this is premium amortization enter as a negative number.

Reference no: EM132660713

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