What is the present value of the bond on september

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Question - On March 1, 2021, Large Corporation, a public company, issued a $200,000 5-year bond paying 6% interest semi-annually on March 1 and September 1, with a year- end of December 31. The market interest rate was 8%. What is the present value of the bond on September 1, 2021 (hint: this is one period after issue)?

At December 31, 2021, what amount of interest expense will be recorded (hint: this is for the four month period since the interest payment on September 1)?

Reference no: EM133104359

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