Business, 07.08.2019 03:20 jhaveen8335

Discount-mart issues $17 million in bonds on january 1, 2021. the bonds have a eight-year term and pay interest semiannually on june 30 and december 31 each year. below is a partial bond amortization schedule for the bonds: date cash paid interest expense increase in carrying value carrying value 01/01/2021 $ 15,157,579 06/30/2021 $ 680,000 $ 757,879 $ 77,879 15,235,458 12/31/2021 680,000 761,773 81,773 15,317,231 06/30/2022 680,000 765,862 85,862 15,403,093 12/31/2022 680,000 770,155 90,155 15,493,248 what is the market annual rate of interest on the bonds?

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Discount-mart issues $17 million in bonds on january 1, 2021. the bonds have a eight-year term and p...