Auerbach inc issued 4 bonds on october 1 2016 the bonds, Financial Accounting

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Auerbach inc issued 4 bonds on october 1 2016 the bonds

Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a maturity date of September 30, 2026 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 6%. How much cash interest does Auerbach pay on March 31, 2017? a) $6.0 million b)$12.0 million c)$9.0million d)$18.0 million

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Financial Accounting: Auerbach inc issued 4 bonds on october 1 2016 the bonds

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Financial Accounting: Auerbach inc issued 4 bonds on october 1 2016 the bonds

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Q : Auerbach inc issued 4 bonds on october 1 2016 the bonds