Hi sir,
Crow co issued loan stock $100m.It is repaid in the premium amount of $20m.
1.The amount paid at the end of 5 years is $100m or $20m.
2.How to recognize the finance cost for this question.
Thank you.
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Magpie,bbp qn 21
5y ago#1See amortised cost method in Chapter 7 FR notes and lecture - it's even simpler than Example 2 if there is no coupon interest.
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