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A bond with a maturity value of $700,000 was initially issued for $710, 870. The bond has a ten-year life and a stated interest rate

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A bond with a maturity value of $700,000 was initially issued for $710, 870. The bond has a ten-year life and a stated interest rate of 10% paid annually. What is the total interest expense over the life of the bond? A. $700,000. B. $710, 870. C. $689, 130. D. not determinable without knowing the bond's effective yield

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