Assuming that the straight-line method of amortization is used, what would be the average yearly interest expense on a $250,000, 11%, 20-year bond issued at 94? Please help, I really need to understand this.
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Assuming that the straight-line method of amortization is used, what would be the average yearly interest expense on a $250,000, 11%, 20-year bond issued at 94? Please help, I really need to understand this.
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