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Facebook issues bonds with a face value of $50,000,000. The bonds carry an annual interest rate of 5% and mature in 10 years. Calculate the

Facebook issues bonds with a face value of $50,000,000. The bonds carry an annual interest rate of 5% and mature in 10 years. Calculate the annual interest expense for Facebook.

Face Value of Bonds: $50,000,000
Annual Interest Rate: 5%
Maturity Period: 10 years

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