On September 1, 2021, Eva Co., issued $168 million of its 10% bonds at face value. The bonds are dated June 1, 2021, and mature on May 30, 2031. Interest is payable semiannually on June 1 and December 1. At the time of issuance, Eva would receive accrued interest of: (Please round your answer to the closest million. Please enter your response in millions. For example, for $35,100,000, you would enter 35 in the answer box.)

Answer rating: 100% (QA)

Accrued Interest can be computed by using the formula Face Value of Bonds Annual Inter... View the full answer