Question
Pearson Co issue its $83,000 at a price of 96, the stated rate is 6%, the bond term is 4 years, and the market rate
| Pearson Co issue its $83,000 at a price of 96, the stated rate is 6%, the bond term is 4 years, and the market rate is 8%. Assume the term of the bonds is 4 years.
Using the effective interest method, the interest expense in the 1st year will be $_____ |
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Financial And Managerial Accounting For MBAs
Authors: Peter D. Easton
6th Edition
1618533592, 9781618533593
