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How much cash interest does auerbach pay on march

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Question - Auerbach Inc. issued 7% bonds on October 1, 2013. The bonds have a maturity date of September 30, 2023 and a face value of $200 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2014. The effective interest rate established by the market was 9%.

How much cash interest does Auerbach pay on March 31, 2014?

Reference no: EM131912503

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