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A company issued 9.0%, 5-year bonds with a par value of $80,000. The market rate when the bonds were Issued was 10.0 %. The company

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A company issued 9.0%, 5-year bonds with a par value of $80,000. The market rate when the bonds were Issued was 10.0 %. The company recelved $76,911.31 cash for the bonds. Using the effective Interest method, the amount of interest expense for the second semiannual Interest perlod is: Multiple Choice $3.600.00. $7703.4 $3.845.57 $7200.00 $3.85784 MacBook Air

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