Solution-What was the interest expense at the effective

What was the interest expense at the effective interest rate

Reference no: EM132550735

Question - On January 1, a company issued 2%, 10-year bonds with a face amount of $70 million for $58,553,901 to yield 4%. Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement?

Reference no: EM132550735

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What was the interest expense at the effective interest rate

Reference no: EM132550735

Reference no: EM132550735

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