Question: Moving to another question will save the response. Curso 2016 Question 2 3 points Rainbow Corporation issued $440.000 644% 10-year bonds on January 1, 2021,

Moving to another question will save the response. Curso 2016 Question 2 3 points Rainbow Corporation issued $440.000 644% 10-year bonds on January 1, 2021, for $405,704 This price provided a yeld of 5% on the bonds.brest is payable semiannually on June 30 and December 31 Rainbow uses the effective interest method to report its interest. The total amount of interest Rainbow would report over the life of tonds should be $205,485 $208,742 $210,296 $196,273 A Moving to another question will save this response Quito

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