On January 1, 20X1, Brooks Energy issued $200 million of 10 -year, floating-rate debentures at par value. The debentures pay interest on June 30 and December interest rate is set equal to "LIBOR plus 6% " on January 1 of each year. The LIBOR was 6% when the bonds were issued and 5% on January 1,202. How muc in 202 A. $12 Million B. \$22 Million C. \$28 Million D. $24 Million You have the following information for Brophy, Inc. Suppose that interest payments on the mortgage are made on December 31 of each year. How much cash interest did the company pay out of the debentures during year 2? A. $24,000,000 B. $21,000,000 c. so D. $43,800,000 On January 1, 20X1, Brooks Energy issued $200 million of 10 -year, floating-rate debentures at par value. The debentures pay interest on June 30 and December interest rate is set equal to "LIBOR plus 6% " on January 1 of each year. The LIBOR was 6% when the bonds were issued and 5% on January 1,202. How muc in 202 A. $12 Million B. \$22 Million C. \$28 Million D. $24 Million You have the following information for Brophy, Inc. Suppose that interest payments on the mortgage are made on December 31 of each year. How much cash interest did the company pay out of the debentures during year 2? A. $24,000,000 B. $21,000,000 c. so D. $43,800,000