Business
Business, 31.07.2019 10:50, cpratt2558

On january 1, 2016, an investor paid $306,000 for bonds with a face amount of $340,000. the stated rate of interest is 9% while the current market rate of interest is 11%. using the effective interest method, how much interest income is recognized by the investor in 2016 (assume annual interest payments and amortization)?

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Business, 10.07.2019 06:10, lilrariwmb23701
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On january 1, 2013, an investor paid $291,000 for bonds with a face amount of $300,000. the contract 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 2014 (assume annual interest payments and amortization)? a. $23,280 b. $25,140 c. $29,100 d. $29,610
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