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- Download: http://solutionzip.com/downloads/lock-corporation/
- On January 1, 2014, Lock Corporation issued $1,832,000 face value, 6%, 10- year bonds at $1,703,328. This price resulted in an effective-interest rate of 7% on the bonds. Lock uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1.
- Prepare an amortization table through December 31, 2016 (three interest periods) for this bond issue.
- Download: http://solutionzip.com/downloads/lock-corporation/
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