Question
A company issues $25050000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
A company issues $25050000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24554190. Using effective-interest amortization, how much interest expense will be recognized in 2020?
$976950 $1953900 $1964337 $1964544
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The Wall Street Mba Your Personal Crash Course In Corporate Finance
Authors: Reuben Advani
3rd Edition
1260135594, 9781260135596
