Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a maturity date of September

Question:

Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a date of September 30, 2026 and a of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 6%.
Assuming that Auerbach issued the bonds for $255,369,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2017, rounded up to the nearest thousand?
Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a date of September 30, 2026 and a of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 6%.
How much cash interest does Auerbach pay on March 31, 2017?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...