Question: On January 1 , 2 0 2 4 , Coney Island Entertainment issues $ 1 , 0 0 0 , 0 0 0 of 7

On January 1,2024, Coney Island Entertainment issues $1,000,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assume that the market interest rate is 7% and the bonds issue at face amount.
Required:
1a. Calculate the issue price of a bond.
1b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1)
Complete this question by entering your answers in the tabs below.
ReqIA
Req 2A
Calculate the issue price of a bond.
Issue price
On January 1 , 2 0 2 4 , Coney Island

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