Business
Business, 10.07.2019 06:10, lilrariwmb23701

On january 1, 2018, an investor paid $293,000 for bonds with a face amount of $380,000. the stated rate of interest is 12% while the current market rate of interest is 14%. using the effective interest method, how much interest income is recognized by the investor in 2018 (assume annual interest payments and amortization)?

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On january 1, 2018, an investor paid $293,000 for bonds with a face amount of $380,000. the stated r...

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