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| Teaching Since: | Apr 2017 |
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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
How do I calculate the interest expense for each months and the premium for each month?
 On January 1, 2015, the Ski Carnival Co. issued a 5-year, 12%, $100,000 bond with interest paid on December 31st each year. Ski Carnival received $110,000 in return for the issuance of the bond. The company has adopted the straight-line method of amortizing bond discounts and premiums.
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