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Bond Interest Expense During 2013, Smith & Sons, Inc., issued $1,100 million of zero-coupon bonds, due in 2023. The proceeds from the bond issuance were
Bond Interest Expense During 2013, Smith & Sons, Inc., issued $1,100 million of zero-coupon bonds, due in 2023. The proceeds from the bond issuance were $835.4 million. Calculate the total interest expense that the company will incur over the life of the bonds.
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