Business, 21.01.2021 21:50 Thiskid100

On January 1, 2021, an investor paid $294,000 for bonds with a face amount of $314,000. The contract rate of interest is 11% while the current market rate of interest is 14%. Using the effective interest method, how much interest income is recognized by the investor in 2022 (assume annual interest payments and amortization)

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On January 1, 2021, an investor paid $294,000 for bonds with a face amount of $314,000. The contract...

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