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Calculate the total amount of interest expense over the life of the bonds for the following independent situations. a. $100,000 face value, 10%, 10-year bonds
Calculate the total amount of interest expense over the life of the bonds for the following independent situations. a. $100,000 face value, 10%, 10-year bonds issued at 101. b. $240,000 face value, 5%, 5-year bonds issued at 100. c. $300,000 face value, 9%, 6-year bonds issued at 98
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