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On January 1, 2021, Lizzys Lemonade logues 5%, 20 year bonds with a foce amount of $97.000 for $85.789.priced to yleld 6%. I
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Answer #1

Interest is calculated on face value amount

The Interest expense for the first payment date (six months)

= 97000 × 6% × 6 / 12

= $2910

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