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On January 2, 2008, a company issued $500,000, 10-year bonds for $574,540. The bonds Pay interest on June 30 and December 31. The face rate is 8%, and the market rate is 6%. The interest expense on the bonds at June 30, 2008, is A. $2,764. C. $20,000. B. $17,236. D. $22,764
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I'm not sure how to calculate the interest expense on bonds. My question: on January 2, 2008 a company issued $500,000, 10 year bond for $574,540. The bonds pay interes on June 30 and December 31. The face rate is 8% and the market rate is 6%. The interest expense on the bonds at June 30 2008... View more questions Search
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