Question Six

A company issues $25,150,000,5\mathrm{.}8\%,20$ year

bonds to yield $6\%$ on Ja

Question Six

A company issues $25,150,000,5\mathrm{.}8\%,20$ year

bonds to yield $6\%$ on Janvary$1,2020.$ Interest

is paid on June $30$ and $31.$ The proceeds from

the bonds are $24,568,667.$ Using effective$-$

interest amortization, how much interest expense

will be recognized in $2020?$

A$)1,474,144$

B$)1,474,351$

c$)729,350$

D$)1,458,700$

Question Six

A company issues $25,150,000,5\mathrm{.}8\%,20$ year

bonds to yield $6\%$ on Janvary$1,2020.$ Interest

is paid on June $30$ and $31.$ The proceeds from

the bonds are $24,568,667.$ Using effective$-$

interest amortization, how much interest expense

will be recognized in $2020?$

A$)1,474,144$

B$)1,474,351$

c$)729,350$

D$)1,458,700,2020.$ Interest

is paid on June $30$ and $31.$ The proceeds from

the bonds are $24,568,667.$ Using effective$-$

interest amortization, how much interest expense

will be recognized in $2020?$

A$)1,474,144$

B$)1,474,351$

c$)729,350$

D$)1,458,700$Question Six

A company issues $25,150,000,5\mathrm{.}8\%,20$ year

bonds to yield $6\%$ on Janvary$1,2020.$ Interest

is paid on June $30$ and $31.$ The proceeds from

the bonds are $24,568,667.$ Using effective$-$

interest amortization, how much interest expense

will be recognized in $2020?$

A$)1,474,144$

B$)1,474,351$

c$)729,350$

D$)1,458,700$