Use the info below to answer the following questions:

Carnie, Inc purchased bonds with the following assumptions:

Par value $ $300,000$

Purchase Price $282,332$

Interest pmts Annual

Coupon rate $10\mathrm{.}0\%$

Market rate $11\mathrm{.}0\%$

Purchase date $1/1/2020$

Maturity date $12/31/2029$Using the effective interest method, what is year one amortization? Using the straight$-$line method, what is year one amortization?

Answer rating: 100% (QA)

To calculate the amortization for year one using the effective interest method and the straightline ... View the full answer