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9. On January 1, 2022, Dogwood Company purchased 2,000 of the $1,000, 3% XYZ bonds for $2,500,000. The bonds are classified as financial asset

9. On January 1, 2022, Dogwood Company purchased 2,000 of the $1,000, 3% XYZ bonds for $2,500,000. The bonds are classified as financial asset at fair value through profit or loss. The bonds pay interest annually on December 31. How much interest revenue will receive on December 31?

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