Question: There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments , $1,000 Face value. The

There is a bond sell for $542.042. the yield to maturity 15%on a 14-year to maturity, 7% annual coupon payments, $1,000 Face value.

The Reported Interest Expense of the above bond for the first year should be ($)

Debit of 70

Credit of 81.306

Credit of 70

Debit of 81.306

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