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***just need B answered** ...

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Accounting

image ***just need B answered**
Cassin Corporation sold $2.5 million worth of 20-year, 6.5% bonds on July 1, 20x3. The bonds will pay interest every December 31 and June 30.
Required:
a. What will be Cassin's total interest expense over the life of the bonds if the bonds are sold at 96?
Amount repaid
Cash paid for interst (2500000*6.25%*20) 3,250,000
Maturity Value 2,500,000
Total repaid 5,750,000
Less: Issue prpice (2500000*.96) -2,400,000
Total interest expense 3,350,000
b. What will be Cassin's total interest expense over the life of the bonds if the bonds are sold at 96?
Total interest expense will be $3,350,000
Gith Golden Haleyra Cassin Meerman Duty Gith Golden Haleyra Cassin Meerman Duty

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