By NEAS - 7/5/2024 8:40:43 PM
FA Module 11: Long-term (non-current) liabilities – homework assignment
(The attached PDF file has better formatting.)
Homework assignment:
A firm issues a five year annual coupon 6% bond on December 31, 20X0. The par value is 100, and the yield to maturity on the bond is 5% per annum.
A. What is the amortization of premium or accrual of discount on this bond in 20X2?
B. What is the interest expense for 20X2?
The practice problems for this module show the solutions for similar scenarios.
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