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please explain the following and why Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and
please explain the following and why
Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 and their market rate is 8% at the issue date.
Determine the total bond interest expense to be recognized over the bonds' life.
8 PAYMENTS, PAR VALUE AT MATURITY, TOTAL REPAID, LESS AMOUNT BORROWED, TOTAL BOND INTEREST EXPENSE
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