Business
Business, 28.11.2019 19:31, idk12345677

Intertech corporation needed financing to build a new manufacturing plant. on june 30th, 2017, intertech issued $4,350,000 of 8-year bonds with a 6% coupon rate (payments due on december 31st and june 30th). the effective interest rate was 8%. what amount in interest expense did intertech record for the june 30, 2018 payment? select one:

a. $130,500

b. $154,654

c. $174,000

d. $157,671

e. none of the above

answer
Answers: 2

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Intertech corporation needed financing to build a new manufacturing plant. on june 30th, 2017, inter...

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