Business, 16.04.2020 01:48 Mullins4

Refer to the amortization tables in your slides. If the beginning balance of the bond (issued at a discount) is $885.30, the cash payment is $50 (coupon rate is 5%, face value of bond is $1,000), and the annual market interest rate for the period is 6%, what is the amount of amortization and the ending balance of the bond

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Refer to the amortization tables in your slides. If the beginning balance of the bond (issued at a d...