Question: Round your answer to the nearest dollar, such as 12345. (No need to write $ as $ is already in front of the box.) (Allowance

Round your answer to the nearest dollar, such as 12345. (No need to write $ as $ is already in front of the

Round your answer to the nearest dollar, such as 12345. (No need to write $ as $ is already in front of the box.) (Allowance is set + or - $1.) Use the effective interest rate method. The following information pertains to a bond issue of the WWX Corporation: (The one in the pdf file in the box distributed on 5/10) Maturity value: $1,000,000 Maturity date: December 31, 2022 Stated interest rate (Coupon rate): 5.75% Interest payments are made annually on December 31st Date of issue: January 1, 2015 Effective (market) interest rate (Yield to maturity) at issue: 6.8% VWX financed $ by this bond issue on January 1, 2015. (Assume there was no expenses on issuing the bond.) The interest expense in 2020 was $

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