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Auerbach Inc. issued 6% bonds on October 1 2021. The bonds have a maturity date of september 30, 2021. and a face value of 800
Auerbach Inc. issued 6% bonds on October 1 2021. The bonds have a maturity date of september 30, 2021. and a face value of 800 million . The bonds pay interest each of March 31 and September 3, beginning march 31 2022. The effective interest rate established by the market was 8% .
Assuming that Auerbach issued the bonds at 691,272,000 what would the company report for its net bond liability balace at December 31 2021, round up to the nearest thousand ?
703,272,000
679,272,000
799,000,000
693,097,000
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