Rikki company received proceeds of 188000 on 10-year 6

Reference no: EM13576796

Rikki Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2014. The bonds had a face value of $200,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Rikki uses the straight-line method of amortization.
What is the amount of interest Rikki must pay the bondholders in 2014?

Reference no: EM13576796

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