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Amount to be repaid to bondholders on the maturity date

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Reference no: EM132203913

Assume that the following information is relevant for one of the bond issues of Chris Company:

Face value             $800,000

Bond term        15 years

Stated interest rate          12%

Market interest rate           8%

Issue date July 1, 2012

Interest payment datesJune 30 and December 31 each year (paid semiannually)

What is the total amount of interest to be paid over the life of the bonds, the total amount of interest expense to be recognized on December 31, 2012 using the straight line method, and the amount to be repaid to bondholders on the maturity date?

Reference no: EM132203913

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