Zero coupon original issue discount bond was issued

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A 30 year zero coupon original issue discount bond was issued for $200,000. There is no provision for recalling the bond. The semiannual yield to maturity of the obligation is 6 percent. Compute the issue discount for the first and second accrual period.

Reference no: EM131223057

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Zero coupon original issue discount bond was issued : A 30 year zero coupon original issue discount bond was issued for $200,000. There is no provision for recalling the bond. The semiannual yield to maturity of the obligation is 6 percent. Compute the issue discount for the first and second accrual per..
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