Question
Your Company issued a $150,000 face value bond on January 1, 2020. The 20-year term bond was issued at 99 and had a 3.5% stated
Your Company issued a $150,000 face value bond on January 1, 2020. The 20-year term bond was issued at 99 and had a 3.5% stated rate of interest that is payable on a semi-annual basis each June 30th and December 31st. What is the semi-annual interest expense? (Round to the nearest dollar.)
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Advances In Accounting Volume 23
Authors: Philip M J Reckers
1st Edition
0762314257, 9780762314256
