On january 1 2016 microlevel inc purchased 70000 face value, Ask an Expert

Finance

On January 1, 2016, Microlevel, Inc., purchased $70,000 face value of the 2% bonds of Service Express, Inc., at 104.

The bonds mature on January 1, 2021. For the year ended December 31, 2017, Microlevel received cash interest of $1, 400.

What was the interest revenue that Microlevel earned in this period?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92796767

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