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Prepare effective interest amortization table

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Question - Legacy issues $580,000 of 8.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $507,959 when the market rate is 12%. Prepare effective interest amortization table for the bonds' first two years.

Reference no: EM132835698

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