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Business, 14.05.2021 01:10 vanna7353

On January 1, 2024, an investor paid $315,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)

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On January 1, 2024, an investor paid $315,000 for bonds with a face amount of $380,000. The stated r...
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