Question: ABC issued $ 3 , 5 2 7 million face valu, 2 0 year, zero coupon bonds on July 1 , 2 0 1 7
ABC issued $ million face valu, year, zero coupon bonds on July that matured on June for a cash price of $ million. The effective market interest rate at issuance was $ What amount of interest expense for the bond did ABC report on its calendar year income statement in for the bond?ABC issued $ million face valu, year, zero coupon bonds on July that matured on June for a cash price of $ million. The effective market interest rate at issuance was $ What amount of interest expense for the bond did ABC report on its calendar year income statement in for the bond?
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