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Question
Vogril Company issued 20-year, zero coupon bonds with an expected yield to maturity of 9 percent. The bonds have a par value of $1,000 and were sold for $178.43 each. What is the expected interest expense on these bonds for Year 8?
a. $29.35
b. $32.00
c. $90.00
d. $26.12
e. $25.79
Answer
This answer is hidden. It contains 437 characters.
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