Use the information provided for Tyson Construction Inc to answer the following questions using the effective interest

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Use the information provided for Tyson Construction Inc to answer the following questions using the effective interest method.

On January 2 2012 Tyson Construction Inc issued $1,000,000 10year bonds for $1,135,915. The bonds pay interest on June 30 and December 31. The stated rate is 10 and the market rate is 8%.

Refer to the information provided for Tyson Construction Inc The interest expense on the bonds at June 30, 2012 is:

a. $45,436.60

b. $57,135.75.

c. $50,000.00.

d. $90,873.20.

Related Book For answer-question

Business Statistics

ISBN: 978-0321930675

2nd edition

Authors: Robert A. Donnelly

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Posted Date: Jan 07, 2021 07:56 PM

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Use the information provided for Tyson Construction Inc to answer the following questions using the effective interest

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