Question
Procter & Gamble Co. issues 30-year bonds with a face value of $15,000,000 and a stated interest rate of 4%. The bonds pay interest semi-annually.
ยทProcter & Gamble Co. issues 30-year bonds with a face value of $15,000,000 and a stated interest rate of 4%. The bonds pay interest semi-annually. Calculate the semi-annual interest payment and the total interest expense over the life of the bonds.
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Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
