Saturn issues 80 five-year bonds dated january 1 2011 with

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Saturn issues 8.0%, five-year bonds dated January 1, 2011, with a $600,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $651,185. The annual market rate is 6% on the issue date. 1. Compute the total bond interest expense over the bonds' life. (Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13613678

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