Brown Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's interest expense?a. 4,627
b. 4,870
c. 5,114
d. 5,369
e. 5,638

$630

Explanation:

The computation of the firm's interest expense is

= Outstanding bonds × rate of interest

= $9,000 × 7%

= $630

For computing the interest expense, we multiplied the outstanding bond with the interest rate so that the accurate amount could come

This is the answer but the same is not provided in the given options          

answer; a set of mutual funds with similar risk characteristics to your mutual fund;