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Determine the amount of interest expense

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Question - The information given: Swiss Inc. sold 20-year bonds with a total face amount of $428,000 and a stated rate of 7.5%. The bonds sold for $452,000 on January 1, 2024, and pay interest semiannually on June 30 and December 31. Determine the amount of interest expense for 2024.

Reference no: EM133054346

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