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On July 1, 2021 Patrick Expeditions issued bonds. The issue price was $260,396 these bonds had a face value of $250,000. The coupon rate for

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On July 1, 2021 Patrick Expeditions issued bonds. The issue price was $260,396 these bonds had a face value of $250,000. The coupon rate for these bonds at issue was 8%/year and the Market rate of interest was 7%/year. Coupon payments are to be made semi-annually. How much interest expense will Patrick Expeditions recognize on December 31, 2021? (round your answer to the closest dollar) Group of answer choices $20,000. $10,000 $9,114. $18,228. 5:31 AM Which of the

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