Business, 28.11.2019 19:31 idk12345677
Intertech corporation needed financing to build a new manufacturing plant. on june 30th, 2017, intertech issued $4,350,000 of 8-year bonds with a 6% coupon rate (payments due on december 31st and june 30th). the effective interest rate was 8%. what amount in interest expense did intertech record for the june 30, 2018 payment? select one:
a. $130,500
b. $154,654
c. $174,000
d. $157,671
e. none of the above
Answers: 2
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Intertech corporation needed financing to build a new manufacturing plant. on june 30th, 2017, inter...
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