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(b) Record the interest payment and interest expense on April IS and October 1 S: 2014. Assume the effective interest method: and record your

(b) Record the interest payment and interest expense on April IS and October 1 S: 2014. Assume the effective interest method: and record your responses to the nearest thousand dollars. April IS: October IS: Stated Rate: Market Rate: Periods: 12 Interest Payment = 350M x .084/2= 595M

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