5. On January 1, 2022, A company issued 9%, 5-year bonds with a face amount of
€1,000,000. The company issued this bond at €961,388. Assume that the interest i
payable semiannually on June 30 and December 31. Assuming market interest
rate of 10%, what is the interest expense recorded in December 31, 2022? (Find
the closest number)
(2.5 point)
1) $48,223.
2) $48,069.
3) $45,000.
4) $43,263.