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Barry issues a bond with a stated interest rate of 8%, face value of $100,000, due in 3 years...Interest payments are semi-annual and the market

Barry issues a bond with a stated interest rate of 8%, face value of $100,000, due in 3 years...Interest payments are semi-annual and the market rate for this type of bond is 10%. What is the interest expense for the third payment of the amortization schedule?

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