chapter 14_2nd amortization of premium spreadsheet end of year interest payable

Chapter 14_2nd amortization of premium spreadsheet end of year interest payable

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Column 1 2 3 4 5 6 Date / Period Cash Interst Amortization Balance of Face Value Payments to Expesne of Premium Discount less Discount Bondholders (Carrying Value, CV) Equal to Interest Beg. Bal. .04*CV Expense less less Cash paid Amortization 3/1/2012 1.55 101.55 3/1-8/31/2012 4.80 4.57 -0.23 1.32 101.32 8/31-3/1/2013 4.80 4.56 -0.24 1.08 101.08
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Unformatted text preview: as of 12/31/2012 3.20 3.04-0.16 0.92 100.92 as of 2/1/2013 4.00 3.80-0.20 0.90 100.90 3/1-8/31/2013 4.80 4.55-0.25 0.83 100.83 8/31-3/1/2014 4.80 4.54-0.26 0.56 100.56 3/1-8/31/2014 4.80 4.53-0.27 0.29 100.29 8/31-3/1/2015 4.80 4.51-0.29 0.00 100.00 3/1/2015 0.00 100.00...
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This note was uploaded on 11/08/2011 for the course ACC 814 taught by Professor Manzon during the Summer '11 term at BC.

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