On january 1 2016 the kiner co issued three-year bonds with, Ask an Expert

Accounting

On January 1, 2016 the Kiner Co. issued three-year bonds with a face value of $12200 and a stated interest rate of 11.5 %. Interest is payable quarterly. The bonds were sold to yield 16%

Calculate the issues price of the bonds. Show your final answer and show all the work to support your answer.

Prepare the bond amortization table using the format covered in class.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92047260

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