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Business, 10.03.2020 05:32 dayanara72

A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 7.5%. The company received $97,947 cash for the bonds. Using the effective interest method, the amount of interest expense for the first semiannual interest period is:

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A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were...
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