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 What is the carrying value of the bonds after the first interest payment is made on June 30, 2012?
A) $1,135,915.00
B) $1,131,351.60
C) $1,140,478.40
D) $1,000,000.00
B
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