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6: A company issued 8.5%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 9.0%. The company

6: A company issued 8.5%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 9.0%. The company received $98,021.82 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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