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On June 1 2019, Aco issues $110,000 of 5%, 5-year bonds. Bonds were issues at 96, pay interest on January 1 and June 1.

/in /by

Given:On June 1 2019, Aco issues $110,000 of 5%, 5-year bonds. Bonds were issues at 96, pay interest on

January 1 and June 1.

Determine:

calculate amount of bond discount or premium that is amortized with each interest payment

 
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