Hocker company issues 200,000 of ten-year, 8% bonds to yield 10%on January 1, 20X1. The bonds pay interest annually on December 31. The bonds were

Hocker company issues £200,000 of ten-year, 8% bonds to yield 10%on January 1, 20X1. The bonds pay interest annually on December 31. The bonds were sold at a discount of £24,578. The bond interest e 1 answer