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For each of the following situations, calculate the amount of bond discount or premium, if...

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Accounting

For each of the following situations, calculate the amount of bond discount or premium, if any

a) Riley, inc, issued $89,000 of 10-year, 8 percent bonds at 95

b) Beaux, inc, $111,000 of 20-year, 8 percent bonds at 963/4

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