Question: Duval Co. issues four-year bonds with a $103,000 par value on June 1, 2015, at a price of $99,000. The annual contract rate is 6%,
Duval Co. issues four-year bonds with a $103,000 par value on June 1, 2015, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on November 30 and May 31, value: 0.83 points 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. Round your answers to the nearest dollar amount.) Semiannual Unamortized Carrying Period-End Discount Value 6/01/2015 11/30/2015 5/31/2016 11/30/2016 5/31/2017 11/30/2017 5/31/2018 11/30/2018 5/31/2019
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