Business, 03.12.2019 07:31, marissagirl9893

Issues $10,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2018. interest is paid on june 30 and december 31. the proceeds from the bonds are $9,802,072. using effective-interest amortization, how much interest expense will be recognized in 2018?
a. $780,000
b. $784,249
c. $784,166
d. $390,000

Answers: 2

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Issues $10,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2018. interest is paid on june 30...