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Business, 29.07.2019 20:50 coltonsteighner

On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semiannually on january 1 and july 1. the bond issue price is $3,360,000 and the market rate of interest for similar bonds is 7%. the bond premium or discount is being amortized at a rate of $11,333 every six months. the amount of interest expense recognized by congo express airways on the bond issue in year 1 would be

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On january 1 of year 1, congo express airways issued $3,700,000 of 6% bonds that pay interest semian...
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