***just need B answered**

	Cassin Corporation sold $2.5 million worth of 20-year, 6.5% bonds on July 1, 20x3. The bonds will pay interest every December 31 and June 30.
	Required:
	a.	What will be Cassin's total interest expense over the life of the bonds if the bonds are sold at 96?
		Amount repaid
		Cash paid for interst (2500000*6.25%*20)		3,250,000
		Maturity Value		2,500,000
		Total repaid		5,750,000
		Less: Issue prpice (2500000*.96)		-2,400,000
		Total interest expense		3,350,000
	b.	What will be Cassin's total interest expense over the life of the bonds if the bonds are sold at 96?
		Total interest expense will be $3,350,000

Gith Golden Haleyra Cassin Meerman Duty Gith Golden Haleyra Cassin Meerman Duty