Business
Business, 27.07.2021 02:00, 24lcallis

a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 8%. Assuming that Auerbach issued the bonds for $388,844,955, what interest expense would it recognize in its 2021 income statement

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a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March...

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