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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

  • $6,435,000

  • $6,227,000

  • $6,857,000

  • $6,013,000

Answer & Explanation Solved by verified expert
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