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Evie Inc. issued 54 bonds with a $1,200 face value, a five-year life, and a stated annual coupon of 6% for $950 each. What is

Evie Inc. issued 54 bonds with a $1,200 face value, a five-year life, and a stated annual coupon of 6% for $950 each. What is the total amount of interest expense over the life of the bonds?

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