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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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
