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Ellis Company issues 6 . 5 % , five - year bonds dated January 1 , 2 0 2 6 , with a $ 5

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Ellis Company issues 6.5%, five-year bonds dated January 1,2026, with a $570,000 par value. The bonds pay 9 interest on June 30 and December 31 and are issued at a price of $582,155. The annual market rate is 6% on the issue date.
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Calculate the total bond interest expense over the bonds' life.
\table[[Total bond interest expense over life of bonds:,],[Amount repaid:],[Par value at maturity,],[Total repaid,],[Less amount borrowed,],[Total bond interest expense,]]
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