How much cash will whitmore corp pay the bondholders

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Question: On January 1, 2019, Whitmore Corp Issues $600,000 of 9% 15 year bonds that pay interest annually on December 31st each year. Bonds of similar risk and maturity are paying 7%.

How much cash will Whitmore Corp pay the bondholders for one interest payment?

Reference no: EM132768146

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