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John Deere is an American manufacturer of agricultural construction, and forestry machinery, John Deere issued 55 milion of 10% bonds At the time that John Deere issued the bords, the market rate of Interest was 11% Based on this information which of the below statements is correct? Multiple Choice Annual interest expense will be 3500,000 The bonds were issued at as a premium The carrying value of the bond will decrease as the bond matures Annual interest expense will exceed the company's actual cash payments for interest