Business, 21.05.2021 17:50 champions2k19

On January 1, Marigold Corp. issued $6600000, 9% bonds for $7029000. The market rate of interest for these bonds is 8%. Interest is payable annually on December 31. Marigold uses the effective-interest method of amortizing bond premium. At the end of the first year, Marigold should report unamortized bond premium of: a) $397320
b) $398580
c) $375320
d) $297000

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On January 1, Marigold Corp. issued $6600000, 9% bonds for $7029000. The market rate of interest for...

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