Bonita Hills Ltd. issued five-year bonds with a face value of $150,000 on January 1. The bonds have a coupon interest rate of 6% and interest is paid semi-annually on June 30 and December 31. The market interest rate was 4% when the bonds were issued at a price of 109.

(b) X Your answer is incorrect. Determine the interest expense recorded for the six months ending June 30 when the first interest payment is made. Interest expense 4500 e Textbook and Media Save for Later Attempts: unlimited Submit