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What is Ashlock Chemical Bond Issuance Details about?

On July 1, 2015, Ashlock Chemical Company issued $4,000,000 in 10-year bonds with a stated interest rate of 10% at a price of $4,543,627, resulting in an effective interest rate of 8%. Ashlock uses the effective interest method to amortize bond premiums and discounts. The bonds pay semiannual interest on July 1 and January 1 of each year.

Author

Amit Pandey

Language

EN