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Posted by: Wan yim ping
Price Quoted by Student: $1
Posted On: 2017-10-28 01:01:24
 
Question
On 1 January 2016, Casper Limited (‘Casper’) issued 1,000 4% corporate bonds for cash. Each bond has a face value of $1,000 and paid interest half-yearly on 30 June and 31 December respectively. The bond matures on 31 December 2019. Casper uses the effective interest method to amortize any premium or discount arising at the issuance date of the bonds.

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