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Business, 01.08.2020 23:01 andybiersack154

Gingrich Corporation issued $2,000,000 in bonds on January 1, 2020. The bonds have a coupon rate of 1.5% and pay interest semi-annually on July 1st and January 1st. The bonds have a 10 year term. The market rate at the issue date is 3.9%. What amount of interest expense will be recorded on July 1, 2020 (the first interest payment)

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Gingrich Corporation issued $2,000,000 in bonds on January 1, 2020. The bonds have a coupon rate of...
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