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A company purchased bonds on July 1, 2021 for $281,859. This price represents a market rate of 7% on bonds that have a face amount
A company purchased bonds on July 1, 2021 for $281,859. This price represents a market rate of 7% on bonds that have a face amount of $300,000 , have a stated rate of 6% , pay semiannual interest, and mature in 8 years . calculate the amount of interest revenue as of December 31, 2021.
A.19,730
B.9,000
C.9,865
D. 18,000
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