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What is the amount of interest expense paid

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Reference no: EM132744916

LPGen Corp. issued a 10-year $1,000 non-convertible bond which pays annual coupon of $80 on January 1, 2016. Assume that the bond with similar risk yields a rate of 8%. What is the amount of interest expense paid on December 31, 2016?

Reference no: EM132744916

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