Question

Global Company issued $1,200,000, 10-year bonds for $1,361,042 on January 1, 2012. The stated interest rate on bonds is 10% and the market interest rate is 8%. If the interest is paid annually, then the interest expense for the year 2013 would be nearest to: a. $120,000 b. $107,994 c. $108,883 d. S110,000​

Answer 1

Answer:

I don't know anything about this question