On June 1, 2023, JetCom Inventors Inc. issued a $640,0009%, three-year bond. Interest is to...
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On June 1, 2023, JetCom Inventors Inc. issued a $640,0009%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023 Required: a. Calculate the issue price of the bond assuming a market interest rate of 10%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.)
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