ANY IDEAS? \\Jonahs company has issued bonds at a premium. The bonds are...
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Accounting
ANY IDEAS?
\\Jonahs company has issued bonds at a premium. The bonds are six-year, 8%, $400,000 bonds issued at 103. Interest is paid annually. Jonah knows that the cash received from bondholders is $412,000. What is the total annual interest payments for these bonds?
$66,667
$32,960
$192,000
$197,760
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