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Business, 25.11.2021 14:00 jameslinimk

A company issued $10,000,000 of 6%, 10-year bonds for $10,772,020, which resulted from a market rate of 5%. Interest is paid to the bondholders annually. How much is interest expense for the first year using the effective interest method

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A company issued $10,000,000 of 6%, 10-year bonds for $10,772,020, which resulted from a market rate...
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