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What would be the amortized cost of the bonds on january

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Question - On January 1, 2021, $1120000, 5-year, 5% bonds, were issued for $1072226. The interest rate in effect when the bonds were issued was 6%. Interest is paid semi-annually on January 1 and July 1. What would be the amortized cost of the bonds on January 1, 2022?

Reference no: EM132983618

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