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How much interest does the company pay to its bondholders

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Question

On January 1, Renewable Energy issues bonds that have a $24,000 par value, mature in four years, and pay 11% interest semiannually on June 30 and December 31.

Record the issuance for bond at 99.

How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par?

Reference no: EM132323059

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