Company purchased a $3,000, 5%, 6-year bond at 97 and held it to maturity. The straight line method of amortization is used for both premiums & discounts.
Company
purchased a $3,000, 5%, 6-year bond at 97 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)
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