posted by jamaal .
a company issues 7% 10 year bonds with a par value of $150,000 and semi annual payments. On the side date the annual market rate for these bonds are 8%, which implies a selling price of 93 1/4 the straight line is used to allocate interest expense
what is the total amount of bond interest expense that will be recognized over the life of these bonds and what is the first amount of bond interest exp recorded on the first payment? thanks alot!