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What is the amount of interest expense

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Question - The present value of the 2.25% Notes due 2022 at the end of fiscal 2019 was $998 million. Assume that the note is payable annually on December 31 and the effective market interest rate is 2.31%. What is the amount of interest expense that this firm recognized for this note during fiscal 2020?

Reference no: EM132958380

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