Business
Business, 01.12.2021 21:40, Derienw6586

A company issued 9%, 5-year bonds with a par value of $90,000. The market rate when the bonds were issued was 8%. The company received $93,653 cash for the bonds.
Using the effective interest method, the amount of interest expense for the first
semiannual interest period is:

answer
Answers: 1

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A company issued 9%, 5-year bonds with a par value of $90,000. The market rate when the bonds were...

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