Bonsall Company issued $200,000 six-year bonds on January 1, 2019. The coupon rate for these...
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Accounting
Bonsall Company issued $200,000 six-year bonds on January 1, 2019. The coupon rate for these bonds is 4% and the market rate on the date of issuance was 3%. Assuming Bonsall pays interest on the bonds annually, what is the total interest expense over the life of the bonds?
Select one:
a. $48,000.00
b. $152,000.00
c. $43,337.53
d. $37,165.62
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