Using the effective interest method how much of the
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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a company issues a 10 year 75 1 million dollar bond which pays interest semi-annually the issue price is 96602418
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