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What is amount of bond amortization for six month period

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Problem 1: Towson Corporation issued $200,000 of 5% ten year bonds at 103 on the semi-annual interest date. Towson uses the straight line method to amortize any bond premium or discount. What is the amount of bond amortization for each six month period? Answer in whole dollars (no cents).

Reference no: EM132838168

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