Vogril Company issued 20-year,zero coupon bonds with an expected yield to maturity of 6.60%.The bonds have a par value of $1,000 and were sold for $278.52 each.What is the expected interest expense on these bonds for Year 8?
A) $35.94
B) $22.43
C) $33.64
D) $28.75
E) $32.49
Correct Answer:
Verified
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