Our company issued callable bonds on january 1 2013 the

Reference no: EM13589864

Our company issued callable bonds on January 1, 2013. The price of the bonds was $207,020, and the face value of the bonds is $200.000. Interest is paid semiannually. The cash interest payment at 6/30/2013 was $7,000. Interest expense for the 6 months ended June 30, 2013, was $6,211. Which is the annual stated interest rate on the bonds?Our company issued callable bonds on January 1, 2013. The price of the bonds was $207,020, and the face value of the bonds is $200.000. Interest is paid semiannually. The cash interest payment at 6/30/2013 was $7,000. Interest expense for the 6 months ended June 30, 2013, was $6,211. Which is the annual stated interest rate on the bonds?

Reference no: EM13589864

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