Solution-What was the interest expense at the effective

What was the interest expense at the effective interest rate

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Question - On January 1, a company issued 6%, 20-year bonds with a face amount of $80 million for $64,165,848 to yield 8%. Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement?

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What was the interest expense at the effective interest rate

Reference no: EM132076814

Reference no: EM132076814

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