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A company issued 5-year, 9% bonds with a par value of $98,000. The company received $95,947 for the bonds. Using the straight-line method, the amount

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A company issued 5-year, 9% bonds with a par value of $98,000. The company received $95,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is: Multiple Choice $9,230.60. 592. $4,410.00. $8,820.00. $4.20470. $4,615.30

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