Question
On Jan 1, 2019, Broke Ltd issued a 10 year, 8%, $1,000 bond, which sold for $970. The total cost of borrowing (i.e. the amount
On Jan 1, 2019, Broke Ltd issued a 10 year, 8%, $1,000 bond, which sold for $970. The total cost of borrowing (i.e. the amount charged to interest expense over the life of the bond) for this bond would be
A. $ 800
B. $ 830
C. $ 890
D. $ 970
E. $ 1,000
F. $ 1,800
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Audits Of 401k Plans
Authors: Deloitte And Touche
2nd Edition
1119722039, 978-1119722038
