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Vesnalui [34]
3 years ago
11

Skylar Company issued $50,000,000 of its 10% bonds at par on January 1, 2019. On December 31, 2019, the bonds were trading on th

e bond exchange at 102.5. Since the issue date, what has happened to the market rate of interest?
Business
1 answer:
sergeinik [125]3 years ago
5 0

Answer:

500,000

explanation of the answers

by using the formula of simple interest

which is principal x rate x time divided by 100.

Ans=50,000,000 x 10 x 1 then ➗ by 100

which Ans=500,000

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