A company issues a 10 year 75 1 million dollar bond which


A company issues a 10 year 7.5% $1 million dollar bond which pays interest semi-annually. The issue price is $966,024.18 Using the effective interest method, how much of the discount is amortized in the first year on the bonds term?

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Financial Accounting: A company issues a 10 year 75 1 million dollar bond which
Reference No:- TGS01606827

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