Question: MAKE A FULL AMORTIZATION TABLE Paulina, Incorporated, owns 9 0 percent of Southport Company. On January 1 , 2 0 2 4 , Paulina acquires

MAKE A FULL AMORTIZATION TABLE
Paulina, Incorporated, owns 90 percent of Southport Company. On January 1,2024, Paulina acquires half of Southport's $500,000 outstanding 13-year bonds. These bonds had been sold on the open market on January 1,2021, at a 12 percent effective rate. The bonds pay
a cash interest rate of 10 percent every December 31 and are scheduled to come due on December 31,2033. Southport issued this debt originally for $435,765. Paulina paid $283,550 for this investment, indicating an 8 percent effective yield.
MAKE A FULL AMORTIZATION TABLE Paulina,

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