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Please explain how to get the answer, if you can use straight line method: A...

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Accounting

Please explain how to get the answer, if you can use straight line method:

A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 7.5%. The company received $97,946.80 in cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is?

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