Business, 14.01.2021 17:00 itsme123427

The Ridgemont Company issues $20,000,000, 7.8%, 20-year bonds on 1/1/18. Interest is paid on June 30 and December 31. Effective rate is 8%. The bonds sold for $19,604,145. Using effective-interest amortization, what is the 2018 Interest Expense

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The Ridgemont Company issues $20,000,000, 7.8%, 20-year bonds on 1/1/18. Interest is paid on June 30...

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