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A company issued 5-year 8 bonds with a par value of 200000

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A company issued 5-year, 8% bonds with a par value of $200,000. The market rate when the bonds were issued was 7.5%. The company received $201,745 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is?

Reference no: EM13599644

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