A six-year $1,800 8.5% bond with semiannual coupons is bought for $1,918 and is redeemable...
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Accounting
A six-year $1,800 8.5% bond with semiannual coupons is bought for $1,918 and is redeemable for $1,860. Find the principal adjustment P5, the interest earned I5, and the book value B5 at the end of two-and-a-half years.
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