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The following information was disclosed in the Debt footnote to the financial statements of Cal-Tex Company for the year ended December 31, 2012: Debt. The
- The following information was disclosed in the Debt footnote to the financial statements of Cal-Tex Company for the year ended December 31, 2012:
Debt. The following table summarizes the long-term debt of the Company at December 31, 2012. All of the notes were issued at their face (maturity) value.
7.25% notes due 2013 | $201,335,000 |
7.75% notes due 2020 | $345,154,000 |
8% notes due 2030 | $225,000,000 |
7.65% notes due 2038 | $200,000,000 |
6.50% notes due 2014 | $ 25,000,000 |
Required:
Assuming that the notes pay interest annually and mature on December 31 of the respective years, compute the total interest payments in 2013 for these notes.
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