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Your Company issued a $500,000 face value bond on January 1, 2020. The 10-year term...

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Accounting

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Your Company issued a $500,000 face value bond on January 1, 2020. The 10-year term bond was issued 97 and had a 2.5% stated rate of interest that is payable on December 31st of each year. What is the annu. interest expense? $12,125 $14,000 $15,500 $12,500

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