Question
If I issue a bond with a face value of $1,000,000, a term of 5 years, a coupon rate of 8%, and an annual market
If I issue a bond with a face value of $1,000,000, a term of 5 years, a coupon rate of 8%, and an annual market interest rate of 12% at an issue price of $855,784, what is the total interest expense over the life of the bond?
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Principles Of Financial Accounting
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st Edition
0077525264, 978-0077525262
