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A company issues $680,000 of 5% bonds, due in 10 years, with interest payable semiannually...

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Accounting

A company issues $680,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

1. The market interest rate is 5% and the bonds issue at face amount.

2. The market interest rate is 4% and the bonds issue at a premium

3. The market interest rate is 6% and the bonds issue at a discount

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