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Posted on May 09, 2024

Your Company issued a $ 1 0 0 , 0 0 0 face value bond on January 1 , 2 0 2 3 .

Your Company issued a $

100, 000

face value bond on January

1, 2023 .

The

20 -

year term bond was issued at

97

and had a

2 %

stated rate of interest that is payable on a semiannual basis on June

30

and December

31

st of

each year

.

What is the interest expense related to each payment to the bondholders?

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