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How much are the proceeds that they will receive

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Reference no: EM132203726

On January 1, Electric Company issued $325,000 of 6%, 3-year bonds when the market rate of interest was 10%.  The bonds pay interest semiannually on June 30 and December 31.

  • How much are the proceeds that they will receive on the issue date of the bonds? 
  • how can make an amortization table for the bond issue. 
  • If the bonds are retired at the end of Year 2 at 104.5% of the maturity value, what will be the gain or loss on retirement.

Reference no: EM132203726

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