Ellis issues 6.5%, five-year bonds dated january 1, 2018, with a $250,000 par value. the bonds pay interest on june 30 and december 31 and are issued at a price of $255,333. the annual market rate is 6% on the issue date. calculate the total bond interest expense over the bond's life.

Question 5 match each term to its description. match term definition excess reactant a) reactant that can produce a lesser amount of the product limiting reactant b) reactant that can produce more of the product theoretical yield c) amount of product predicted to be produced by the given reactants