On january 1, 2017 arc inc. issued 100 bonds, with a face value of $1,000 each and a coupon rate of 10%, payable semiannually. the interest is paid on june 30 and december 31 of each year. the market rate of interest at the time that the bonds were issued was 12%, so that the bonds were sold for $926 each.
1 interest expense for the january 1–june 30 period was
2 interest expense for the july1–december 31 period was
3 book value of bonds on june 30 was
4 book value of bonds on december 31 was
5 interest payment on june 30 was
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On january 1, 2017 arc inc. issued 100 bonds, with a face value of $1,000 each and a coupon rate of...
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