Solution-What was interest expense at the effective

What was interest expense at the effective interest rate

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1. On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,585 to yield 8%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date?

Reference no: EM131006269

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What was interest expense at the effective interest rate : On January 1, a company issued 7%, 15-year bonds with a face amount of $90 million for $82,218,585 to yield 8%. Interest is paid semiannually. What was interest expense at the effective interest rate on June 30, the first interest date?

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What was interest expense at the effective interest rate

Reference no: EM131006269

Reference no: EM131006269

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