Company issues $1,000,000 face bonds, 5% coupon rate, 10 years term. Issues on March 1, 2013, interest pay on Sep 1, and Mar 1. Market rate is 4% and 6%. Compute the proceed and the amortization table for each period.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 5EA: Diana Inc. issued $100,000 of its 9%, 5-year bonds for $96,149 when the market rate was 10%. The...
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Company issues $1,000,000 face bonds, 5% coupon rate, 10 years term. Issues on March 1, 2013, interest pay on Sep 1, and Mar 1. Market rate is 4% and 6%. Compute the proceed and the amortization table for each period. 

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