Business, 30.11.2019 03:31 addison5022

On january 1, 2017, flounder corporation issued $1,650,000 face value, 8%, 10- year bonds at $1,447,229. this price resulted in an effective-interest rate of 10% on the bonds. flounder uses the effective-interest method to amortize bond premium or discount. find the bonds pay annual interest january 1.

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On january 1, 2017, flounder corporation issued $1,650,000 face value, 8%, 10- year bonds at $1,447,...

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