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I need help with this question A company issued 5-year, 8% bonds with a par value of $99,000. The company received $96,947 for the bonds.

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A company issued 5-year, 8% bonds with a par value of $99,000. The company received $96,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is

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