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Determine the value of the bond

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Reference no: EM132747229

Problem - On 1/1/21, Anna Corp. issued 5 years bonds with a face value of $30,000 and a 16% stated rate payable semiannually. The bond was issued with a market/yield rate of 12% and a price of $34,416.

Requirement 1: Based on the information above, amortize the bond to determine:

a. 2022 Cash Flows Bond =

b. 2022 Interest Expense

c. 12/31/22 Carrying Value

Requirement 2: Determine the value of the bond on 1/1/23 assuming the prevailing market rate increased to 16%.

Reference no: EM132747229

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