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QUESTION
FOREMAN company issued 800000 of 10% 20 year bonds on January 1, 2011 at 102 interest is payable semiannually on July 1 and January 1.
FOREMAN company issued 800000 of 10% 20 year bonds on January 1, 2011 at 102 interest is payable semiannually on July 1 and January 1. Foreman Company uses the effective interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%
