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Linda_us, Finance, Accounts & Homework Tutor
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Ariel, Inc., issued $30 million face amoutn of 9% bonds when

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Ariel, Inc., issued $30 million face amoutn of 9% bonds when market interest rates were 9.30% for bonds of similar risk and other characteristics.
a.) How much interest will be paid annually on these bonds?
b.) will the bonds be issued at a premium or discount? explain.
c.) will annual interest expense on these bonds be more than, equal to, or less than, the amount of interest paid each year. explain.

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Customer: replied 4 years ago.

ok thanks



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