Question: Crane Products L td . issued $ 3 . 2 8 million of 5 % , 5 - year bonds on January 1 , 2
Crane Products td issued $ million of year bonds on January The bonds were dated January and pay interest annually. There is no collateral secured against the bonds and Crane Products may buy back the bonds at any time. The market interest rate was for these bonds. Crane has a calendar year end.
Click here to view the factor table. Present Value of
Click here to view the factor table. Present Value of an Annuity of
b
Answer to decimal places, eg
Preparw an effective interest amortization table for these bonds
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