Question
On June 30, 2018, ARCO Corporation issued $4,350,000 of 6-year bonds with a 4% coupon rate (payments due on December 31st and June 30th). The
On June 30, 2018, ARCO Corporation issued $4,350,000 of 6-year bonds with a 4% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. The remaining balance of discount/premium as of December 31, 2018 would be
A. $483,650
B. $506,875
C. $762,161
D. $816,501
On June 30, 2018, ARCO Corporation issued $4,350,000 of 6-year bonds with a 4% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did ARCO record for the June 30, 2019 payment?
A. $87,000
B. $141,340
C. $143,514
D. $154,654
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Passive Income Ideas 2020 $10 000 Per Month Ultimate Guide
Authors: Roberts Ronald
1st Edition
1951595793, 978-1951595791
