How much interest was paid in cash for these bonds

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Reference no: EM131351460

The financial statement notes for Green Duck Inc. show the following information about the company's 6%, 5 year bonds with a face amount of $12,000 due in December 2012. The bonds pay interest semi-annually on June 30 and December 31.

date carrying value of bonds

12/31/2008 $11,192.07

6/30/2009 $11,279.75

12/31/2009 $11,370.94

a. How much interest was paid in cash for these bonds in 2009?

b. What was the interest expense for these bonds in 2009?

c. When the bonds were issued, what was the market interest rate?

d. What will be the interest expense for these bonds in 2010?

e. How much were the bonds originally issued for?

Reference no: EM131351460

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