global company issued $120000, 10 year bonds for $1361042 on jan 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:$120000 b:$107994 c:$108883 d:$110000
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d) part is right
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