Business, 20.05.2021 23:10 kennedyrc12

Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. They are issued at $648,412, and their market rate is 6% at the issue date. Required:
Determine the total bond interest expense to be recognized over the bonds' life.

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Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2018, that pay interest semiannuall...

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