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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
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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