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If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500. (A) True (B) False

If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500. (A) True (B) False
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If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.

(A) True
(B) False

User MrUser
by
7.8k points

1 Answer

3 votes

Answer: False

Explanation: interest= Prt

User Cheezmeister
by
8.0k points
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