Question: The bond schedule must include interest on book value, amount of discount accumulated, book value of bond and remaining discount. A $28,000 bond with interest
The bond schedule must include interest on book value, amount of discount accumulated, book value of bond and remaining discount.
A $28,000 bond with interest at 6.3% payable semi-annually and redeemable at par is bought two years before maturity to yield 9.4% compounded semi-annually. Compute the premium or discount and the purchase price, and construct the appropriate bond schedule. The is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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