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Prepare an amortization table for these given bonds

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Question - Moss issues bonds with a par value of $90,000 on January 1, 2011. The bonds' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $85,431.

Prepare an amortization table for these bonds; use the straight-line method to amortize the discount.

Reference no: EM131809344

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