On January 1, 2004, Graves Inc sold a $1,000,000, 8%, 10 year semi-annual bond to the public for $934,960 yielding 9%. Determine the interest expense Graves will report on June 30, 2004.

a. $40,000
b. $45,000
c. $37,398
d. $42,073

Ans: d. $42,073

Business

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Some observers have argued that American industry and the American economy as a whole will be strengthened by offshoring activities to workers in India or other nations that have comparative advantages in areas such as labor costs.

a. true b. false

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Larger organizations are likely to pay more for key employees. But as companies grow, they may have ______________ issues when it comes to their output and company performance.

a. task identity b. line of sight c. justice inequality d. employee acceptance

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