Business, 16.11.2020 18:00 adiboo2004

Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $300 million. The bonds pay interest each March 31 and September 20, beginning March 31, 2019. The effective interest rate established by the market was 6%. Required:
How much cash interest does Auerbach pay on March 31, 2019?

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Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 20...

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