Straight line method is used for amortization of discount

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Q. The paul pierce industry issue $20,000,000 of thirty year bonds at 97% on February 1, 2009. The bonds pay a rate of 7%. There are semi-annual interest payments on July 31 and January 31. Straight line method is used for amortization of the discount.

Reference no: EM13111229

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Straight line method is used for amortization of discount : The paul pierce industry issue $20,000,000 of thirty year bonds at 97% on February 1, 2009. The bonds pay a rate of 7%. There are semi-annual interest payments on July 31 and January 31. Straight line method is used for amortization of the discoun..

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