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Business, 20.11.2020 14:00 joee1300

A company issued 5-year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 6.5%. The company received $102,105 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:.A. 7,000.00. B. 3,500.00.
C. 3,289.50.
D. 3,613.70.
E. 6,633.70.

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