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22. WWX Corporation issues 10-vear bonds on January 1,2023 . The bonds have a face value of $100,000, a contractual interest rate of 15% and
22. WWX Corporation issues 10-vear bonds on January 1,2023 . The bonds have a face value of $100,000, a contractual interest rate of 15% and pay interest semi-annually on January 1st and July 1st.. The market interest rate on the date of issue was 12%. On July 1st,2023, how much bond interest expense would VWX record (round to the nearest dollar)? A. $14,065 B. $7,500 C. $8,790 D. $7,032 E. $6,000
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