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How much bond interest expense should be recorded

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Question - Texxon Corporation issued $200,000 of 10-year bonds with a payment rate of 6%; payments are made semiannually. Assume that the market interest rate for similar investments is 4%, compounded semiannually. How much bond interest expense should be recorded on the first semi-annual interest payment date?

?a. $4,654.12

?b. $4,000.00

?c. $9,308.24

?d. $6,000.00

Reference no: EM132737240

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