Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. At what value is the bond sold? Group of answer choices 250,000 192,000 189,692 200,000

Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. What is the carrying value at the end of year 1?

Group of answer choices

192,867

245,417

147,211

200,000

Koch Industries issued a $200,000 3 year bond with stated interest of 6% when the market rate of interest is 8%. Interest is paid annually. At the end of year 2, the bonds were retired at $210,000. What is interest expense in year 3?

Group of answer choices

12,000

15,429

0

15,704