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What will be the total interest expense

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Question - A corporation issues $400,000 of 10%, 5-year bonds at 103. What will be the total interest expense over the life of the bonds?

Reference no: EM133069493

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What will be the total interest expense : Question - A corporation issues $400,000 of 10%, 5-year bonds at 103. What will be the total interest expense over the life of the bonds
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