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Company Y issued a 5-year $1,000,000 bonds on 01/01/2016 at $1,043,763. The bonds pay interest semi- annually on 01/01 and 01/07. The stated rate on

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Company Y issued a 5-year $1,000,000 bonds on 01/01/2016 at $1,043,763. The bonds pay interest semi- annually on 01/01 and 01/07. The stated rate on the bond was 6% and the market rate was 5%. How much will the total interest expense be for 2016? on Select one: O a. $25,996 b. $52,091 $26,094 d. $30,000 ge Next page

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