Question: Feedback V Check My Work b . Determine the amount of the bond interest expense for the first year. $ c . Why was the

Feedback
V Check My Work
b. Determine the amount of the bond interest expense for the first year.
$
c. Why was the company able to issue the bonds for only $27,602,447 rather than for the face amount of $28,800,000?
The market rate of interest is greater than the contract rate of interest. Therefore, inventors are not willing to pay the full face amount of the bonds.
Can you show me where I went wrong?
Feedback V Check My Work b . Determine the amount

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