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What will be carrying value of bond at the end of third year

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Amortization using effective interest rate:-

Question 1: On Jan 1,2015 company issued $500,000 bonds. Its coupon rate is 9% and pays semiannual interest payment. Its tenure is 5 years. Provide journal entry for bonds issuance and first two years interest payment. What will be the carrying value of bonds at the end of third year?

A) When,Market interest rate is 8%

B) Market interest rate is 10%

Reference no: EM132557709

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