ILLUSTRATION 14-1 INTEREST RATES AND BOND PRICES
ILLUSTRATION 14-1 INTEREST RATES AND BOND PRICES 101 10% 12% 15% Market Interest Rate Premium Face Value ... Computation of Amortization-— Straight-Line Method Bond Amortization Interest Expense Constant Amount Number of ... (0.75132) = $75,132 (Present value of principal , Table 6-2) $ 8,000 (2.48685) = 19,895 (Present value of interest, T ... ................
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