Multiple Choice
A corporation issues $100,000, 10%, 5-year bonds on January 1, 20X4 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, 20X4 is
A) $8,649
B) $5,000
C) $676
D) $4,324
Correct Answer:
Verified
Correct Answer:
Verified
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