Multiple Choice
A corporation issues $100,000, 10%, 5-year bonds on January 1, 2014 for $108,111, at a price to yield 8%. Interest is paid semi-annually on January 1 and July 1. The amount of premium amortized on July 1, 2014 is
A) $5,000
B) $4,324
C) $676
D) $8,649
Correct Answer:
Verified
Correct Answer:
Verified
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