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On January 1, 2019, Tonika Company issued a four year $10.000,7% bond. The interest is payable annually each December 1 The issue price was 9,668

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On January 1, 2019, Tonika Company issued a four year $10.000,7% bond. The interest is payable annually each December 1 The issue price was 9,668 based on the Interest rate. Tonika uses the effective interest amortisation method. The December 31, 2020 book value after the December 31, 2020 interest payment was made is closest to Mople Choice $9,668 $9.820 $9.662 O 39741

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