On January 1, 2019 the Kiner Co. issued three-year bonds with a face value of $68,700...

On January 1, 2019 the Kiner Co. issued three-year bonds with a face value of $68,700 and a stated interest rate of 15.5%. Interest is payable quarterly. The bonds were sold to yield 16%. Calculate the issues price of the bonds. Show your final answer and show all the work to support your answer. Prepare the bond amortization table using the format covered in class.

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The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet.

ekkarill92 answered 1 year ago

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