Question
14. Lake company received proceeds of $188,500 on 10-year,8% bonds issued on January 1,2017. The bonds held a face value of $200,000, pay interest semiannually
14. Lake company received proceeds of $188,500 on 10-year,8% bonds issued on January 1,2017. The bonds held a face value of $200,000, pay interest semiannually on June 30 and December 31, and have a call price of 101. Lake uses the straight line method of amortization. What is the amount of interest Lake must pay the bondholders in 2017?
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
