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7. Plentiful Incorporated issues a $500,000 bond on January 1, 2016. The bond requires annual coupon payments and has a 10% stated rate. The bond's

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7. Plentiful Incorporated issues a $500,000 bond on January 1, 2016. The bond requires annual coupon payments and has a 10% stated rate. The bond's maturity date is December 31, 2020 C. Homework Unanswered How much interest expense will plentiful recognize over the life of the loan? Type your numeric answer and submit

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