On january 1 2010 jacob issues 970000 of 9 12-year bonds at

Reference no: EM13585729

On January 1, 2010, Jacob issues $970,000 of 9%, 12-year bonds at a price of 96.5. All interest is accounted for and paid through December 31, 2015, the day before the purchase. The straight-line method is used to amortize any bond discount. What is the carrying value of the bond on January 1, 2016?

Reference no: EM13585729

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