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During 2013, Smith & Sons, Inc., issued $500 million of zero-coupon bonds, due in 2023. The proceeds from the bond issuance were $240.8 million. Calculate

During 2013, Smith & Sons, Inc., issued $500 million of zero-coupon bonds, due in 2023. The proceeds from the bond issuance were $240.8 million. Calculate the total interest expense that the company will incur over the life of the bonds. $ million

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