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On January 1, Forward Company issues bonds that have a $22,000 par value, mature in 4 years, and pay 8% interest per year. Interest payments
On January 1, Forward Company issues bonds that have a $22,000 par value, mature in 4 years, and pay 8% interest per year. Interest payments are paid to bondholders semiannually on June 30 and December 31. How much interest does Forward Company pay to bondholders every six months if the bonds are sold at par? Multiple Choice $880 $1,760 $3,520
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
5th edition
9780470418239, 470239808, 9780470239803, 470418230, 978-1118128169
