When a company borrows at LIBOR plus a spread, LIBOR is fixed until the loan's maturity while the spread changed periodically.

Alex Company issued 5-year, 7% bonds with a par value of $100,000. The company received $101,137 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:

A) $3,386.30. B) $3,500.00. C) $3,613,70. D) $6,633.70. E) $7,000.00.

The null hypothesis refers to a specified value of the population parameter, not a sample statistic

Indicate whether the statement is true or false