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Accounting

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Required information
[The following information applies to the questions displayed below.]
On January 1,2024, Coney Island Entertainment issues $1,100,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
Assume that the market interest rate is 8% and the bonds issue at a discount.
2a. Calculate the issue price of a bond.
2b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
Complete this question by entering your answers in the tabs below.
Calculate the issue price of a bond.
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