Solution-What was the interest expense at the effective

What was the interest expense at the effective interest rate

Reference no: EM132624098

Question - On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,057,808 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: EM132624098

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What was the interest expense at the effective interest rate

Reference no: EM132624098

Reference no: EM132624098

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