Tyson Construction Inc Use the information provided for Tyson Construction Inc to answer the following question(s) using the effective interest method. On January 2, 2012, Tyson Construction Inc issued $1,000,000, 10-year bonds for $1,135,915. The bonds pay interest on June 30 and December 31. The stated rate is 10% and the market rate is 8%. Refer to the information provided for Tyson
Construction Inc The interest expense on the bonds at June 30, 2012 is:
A) $50,000.00.
B) $45,436.60.
C) $57,135.75.
D) $90,873.20.
B
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