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Prepararation of bond amortization schedule from the date

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Reference no: EM132701260

On January 1, 2021, Oriole Ltd. issued bonds with a maturity value of $6,900,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The company's year-end is December 31.

Question 1. Calculate the issue price of the bonds.

Question 2. Prepararation of bond amortization schedule from the date of issue up to and including January 1, 2023.

Reference no: EM132701260

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