Company A issues $1,000,000 12% 10 yr bonds at 1:04 Oct 1, 08. Interest payment dates are apr 1 and Oct 1. Company keeps its accounts on a calendar year basis and uses straight-line amoritization. What will be the unamoritized premium on 12/31/10?
Company A issues $1,000,000 12% 10 yr bonds at 1:04 Oct 1, 08. Interest payment dates are apr 1 and Oct 1. Company keeps its accounts on a calendar year basis and uses straight-line amoritization. What will be the unamoritized premium on 12/31/10?
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