Business, 15.04.2021 17:20 mimi5261

On January 1, 2019, Dragon Corp. issues $640,000, 15 year, 8% bonds (paying semiannual interest on 6/30 and 12/31) for $765,443, when the annual market rate of interest is 6%. Assuming that the company uses the effective interest method of amortization, what would be the Carrying Value of the bond at 6/30/19, after the first interest payment has been made? (HINT: Set up an amortization schedule like this:)

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On January 1, 2019, Dragon Corp. issues $640,000, 15 year, 8% bonds (paying semiannual interest on 6...

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