If a company issued 500000 5 year 8 bonds and the market

Reference no: EM13567708

If a company issued $500,000, 5 year, 8% bonds, and the market rate at time of sale was greater than 8% and sold at 93. The interest on the bonds is payable on June 30 and December 31st, and the selling price is $465,000. What would be the first interest payment; if they use a straight line method to amortize discounts and premiums.

Reference no: EM13567708

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