Question
A company issues $ 16700000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The
A company issues $ 16700000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $ 16413443. What is interest expense for 2021, using straight-line amortization?
A. $ 1642977
B. $ 2006291
C. $ 1650928
D. $ 1636600
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Treasury Financial Manual Volume 1 Book 2
Authors: US Treasury
1st Edition
1790318432, 978-1790318438
