Sears issuses 4.5 five-year bonds dated january 1 2010 with, Ask an Expert

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Sears issuses 4.5% five-year bonds dated january 1, 2010, with $230,000 par value. The bonds pay intrest on june and december 31 and are issued at a price of $235,160. The annual market rate is 4% on the issued date. Calculate the total bond intrest expense over the bond's life.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432492

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