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On January 1, 2024, Oriole Satellites Ltd. issued $1.48 -million, 10 -year bonds. The bonds pay
semi-annual interest on July 1 and January 1, and Oriole has a December 31 year end. A partial
bond amortization schedule is presented below: Attempts: 1 of 5 used (b) What is the face value
of the bonds?

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  • 1. On January 1, 2024, Oriole Satellites Ltd. issued $1.48 -million, 10 -year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Oriole has a December 31 year end. A partial bond amortization schedule is presented below: Attempts: 1 of 5 used (b) What is the face value of the bonds?