Your Company issued a $1,000,000 face value bond on January 1, 2018. The 20-year term bond was issued at 104 and had a 3.2% stated rate of interest that is payable on December 31st of each year. What is the annual interest expense?

False. The export-import bank is an independent agency of the United States government and promote international trade. The export-import bank can see what different foreign buyers are wanting to spend their money on and they make sure those items are found and set up for exporting.