- On 2018-04-01, ABC issued 4.5% bonds, with a face amount of $10000.
- The bonds mature on 2028-04-01.
- The effective yield for the bonds is 4%.
- Interest is paid semiannually on Apr and Oct 1.
- Use the effective rate method to amortize any discount or premium for the bond.
Calculate the carrying values of the bond on the following dates:
a. On 2018-04-01______
b. On 2018-10-01______
c. On 2019-04-01______
d. On 2019-10-01______
e. On 2020-04-01______

Q&A Education