Question: please help with multiple choice. will give thumbs up :) River is a financial analyst at Ritchie incorporated and is trying to calculate the amount
River is a financial analyst at Ritchie incorporated and is trying to calculate the amount of interest expense on a bond. How should River calculate this? [ 5 points] The effective interest rate multiplied by the outstanding balance of the bond The stated interest rate multiplied by the carrying value of the bond. The market interest rate multiplied by the face amount of the bond The stated interest rate multiplied by the face amount of the bond. The market interest rate multiplied by the premium or discount on the bond
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