Question
On January 1, 2018, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $88,000 for $80,391, priced to yield 8%. Interest is paid
On January 1, 2018, Lizzy's Lemonade issues 7%, 15-year bonds with a face amount of $88,000 for $80,391, priced to yield 8%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2018, the first interest payment date?
Q: what is the interest expense?!
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The Audit Of War The Illusion And Reality Of Britain As A Great Nation
Authors: Correlli Barnett
1st Edition
0571280188, 978-0571280186
