Question
On January 1, 2015, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $96,000 for $87,700, priced to yield 8%. Interest is paid
On January 1, 2015, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $96,000 for $87,700, priced to yield 8%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2015, the first interest payment date?
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Benfords Law
Authors: Mark J. Nigrini
1st Edition
1118152859, 9781118152850
