What is the interest payment made to the bondholder on June

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Question - As of today, the carrying value of a bond was $ 349,904 and the face value of the bond was $648,073. The effective interest rate was 15% while the contract rate of interest was 7% with interest payments semiannually on June 30 and December 31. Rounding to the nearest dollar, what is the interest payment made to the bondholder on June 30?

Reference no: EM133028986

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