The carrying value of 11% bonds with face value of $6,500,000 is $6,922,000. The bonds...
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Accounting
The carrying value of 11% bonds with face value of $6,500,000 is $6,922,000. The bonds have 9 years to maturity. Interest is payable semiannually. Assuming that the next coupon payment is after 6 months, how much is the total interest expense until maturity?
Multiple Choice
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$6,435,000
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$6,227,000
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$6,857,000
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$6,013,000
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