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f your company issued $1,000 bonds with a 20-year life and the coupon was 4.75%, how much interest expense would they show on their income

f your company issued $1,000 bonds with a 20-year life and the coupon was 4.75%, how much interest expense would they show on their income statement per year if the total bond issue was $30,000,000 ?

a. Cannot tell from these facts

b. $1,425,000

c. $1,100,000

d. $750,000

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