What total amount of bond interest expense will recognized

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Question - Enviro Company issues 6.00%, 10-year bonds with a par value of $340,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 3.00%, which implies a selling price of 125 5/8. The straight-line method is used to allocate interest expense. What total amount of bond interest expense will be recognized over the life of these bonds?

Reference no: EM132515363

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