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Vogril Company issued 20-year, zero coupon bonds with an expected yield to maturity of 10%. The bonds have a par value of $1,000 and were
Vogril Company issued 20-year, zero coupon bonds with an expected yield to maturity of 10%. The bonds have a par value of $1,000 and were sold for $xxxx each. What is the expected interest expense on these bonds for Year 7? Calculate value in year 6 and year 7 and take difference as accrued interest
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