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What amount would ajax record for interest expense

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Reference no: EM132850342

Question - Ajax Corporation issued 1,000 bonds each with face value of $1,000 on January 1, 2025. The bonds have semi-annual interest payments at 3% per annum due on December 31st and June 30th. The bonds mature on December 31, 2029 and were issued to yield 4% per annum. What amount would Ajax record for interest expense when making the second interest payment on December 31, 2025?

a. $20,000

b. $19,102

c. $15,000

d. $19,184

Reference no: EM132850342

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