Hi,
If one issues 100,000$ debentures at Par and incurs 10,000$ issue costs the opening balance will be 90,000$. If we use EIR method to amortise it, then
What will be the Par value that those debentures could be redeemed at the end of last year?
100,000$
90,000$ or
Closing balance in the amortisation table?
Txs.