A company issued 10-year, 7.50% bonds with a face value of $100,000. The company received $97,927 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first annual interest period is:

A. $7707.30
B. $7292.70
C. $7500.00
D. $2073.00


Answer: A

Business

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