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What the interest expense on the bonds at june

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Question - On January 1, 2017, Chain inc. issued $400,000, ten-year, 10% bonds for $354,200. The bonds pay interest on June 30 and December 31. The market rate is 12%. What the interest expense on the bonds at June 30, 2017?

a. $20,000

b. $24,000

c. $21,252

d. $17,710

Reference no: EM133027730

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