On january 1 a company issued 6 15-year bonds with a face
Problem
On January 1, a company issued 6%, 15-year bonds with a face amount of $90 million for $74, 437.281 to yield 8%. Interest is paid semiannually. What was the straight-line interest expense on the December 31 annual income statement?
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problemon january 1 a company issued 6 15-year bonds with a face amount of 90 million for 74 437281 to yield 8 interest
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