A company issues bonds with a par value of $10,000,000 on January 1, 2013 The bonds have an annual coupon rate of 5 , pay interest semi annually, and will mature in 5 years If the market rate of interest on the bonds is 696 per year, then what is the carrying amount of the bonds on December 31, 2015 (Note the company uses the effective interest method of amortization ) O a $9,729,140 O b $9,688,486 O c $9,649,015 O d $9,610,695

Question

A company issues bonds with a par value of $10,000,000 on January 1, 2013  The bonds have an annual coupon rate of 5 , pay interest semi annually, and will mature in 5 years  If the market rate of interest on the bonds is 696 per year, then what is the carrying amount of the bonds on December 31, 2015  (Note  the company uses the effective interest method of amortization ) O a $9,729,140 O b  $9,688,486 O c  $9,649,015 O d  $9,610,695

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A company issues bonds with a par value of $10,000,000 on January 1, 2013. The bonds have an annual coupon rate of 5%, pay interest

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