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What is the new carrying value after first interest payment

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Reference no: EM132971283

Problem 1: Jazz Hands Dance Theater Co. has the following information for its recent bond issuance. The issue price of the bond is $109,246, and the face value of the bond is $100,000. The coupon rate is 10%, and the market rate is 6%, with interest paid annually. What is the new carrying value after the first interest payment is recorded? (Round the final answer to the nearest dollar.)

Reference no: EM132971283

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