Question
Microsoft Corporation issues 50-year bonds with a face value of $30,000,000 and a stated interest rate of 3%. The bonds pay interest semi-annually. Calculate the
ยทMicrosoft Corporation issues 50-year bonds with a face value of $30,000,000 and a stated interest rate of 3%. The bonds pay interest semi-annually. Calculate the semi-annual interest payment and the total interest expense over the life of the bonds.
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
