What is the total interest expense for first six months

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Question - On January 1, 2012, the SOS corporation issues a bond for $3300. The par value of the bond is 3000. The coupon is paid semi-annually at the rate of 15.0 percent. The market rate of interest is 11.0 percent per year (compound semi-annually). What is the total interest expense for first six months based on the effective interest method?

Reference no: EM132798183

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