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Calculate the dollar value of the interest expense

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Question - On January 1, 2018, Baltimore Company issued $250,000 face value, 5%, 5-year bonds at 102.  Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization. Use this information to calculate the dollar value of the interest expense for the 2018 fiscal year.

Reference no: EM132636671

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