What is the amount of interest herman must pay bondholders

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Reference no: EM13135060

Herman Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2011. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Herman uses the straight-line method of amortization.

What is the amount of interest Herman must pay the bondholders in 2011?

Reference no: EM13135060

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