Business
Business, 01.12.2020 03:40, Soloaa

Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issued at 104 and had a 3.2% stated rate of interest that is payable on December 31st of each year. What is the annual interest expense?

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Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issue...

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