What is the correct answer? The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520. b. $26,680. c. $28,060. d. $27,600.
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What is the correct answer?
The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is
a. $28,520.
b. $26,680.
c. $28,060.
d. $27,600.
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- Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total amount of interest expense over the life of the bonds?On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000 are to be made annually. If the company received proceeds of $112,300, how would the bonds issuance be quoted? A. 1.123 B. 112.30 C. 0.890 D. 89.05Waldron Inc. issued $400,000 bonds with a stated rate of 7% when the market rate was 5%. They are 3-year bonds with interest to be paid annually. Prepare a table to amortize the premium of the bonds. Assume that the bonds were issued for $421,844.
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