On january 1 2004 graves inc sold a 1000000 8 10 year

Reference no: EM13595776

On January 1, 2004, Graves Inc sold a $1,000,000, 8%, 10 year semi-annual bond to the public for $934,960 yielding 9%. Determine the interest expense Graves will report on June 30, 2004.

Reference no: EM13595776

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