NO.PZ2023020602000190
问题如下：
On 1 January 2014, the market rate of interest on a company’s bonds is 5%, and it issues a bond with the following characteristics:
If the company uses International Financial Reporting
Standards (IFRS), its interest expense (in millions) in 2014 is closest to:
(2020-
选项：
A.€2.307. B.€2.386. C.€1.846.解释：
IFRS requires the effective interest method for the amortization of bond discounts/premiums.
The bond is issued for 0.9228 × €50 million = €46.140.
Interest expense = Liability value × Market rate at issuance = 0.05 × €46.140 = €2.307
C is incorrect. It uses the coupon rate of 4% × 46.140 = 1.8456.
B is incorrect. It uses the straight-line method of bond amortization, which is allowed under US GAAP but not IFRS.50 × 4% – [(100 – 92.28) × 50]/10 years = 2 + 386,000 = 2.386
0.9228 × €50 million 这一步是什么意思
我没用到最后这个issue price，直接用计算器先把pv算出来。然后用pv乘以interest rate可以吗？
