McPherson Corporation has $1,000,000 of 20-year, 9 percent bonds dated October 1, with interest payment dates of September 30 and March 31. The company's fiscal year ends July 31, and it uses the effective interest method to amortize premium or discount.

Answer rating: 100% (QA)

Semi annual cash interest 95000009612 427500 Amort Table Date Interest Interes... View the full answer