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issued $ 4 0 0 , 0 0 0 of 8 % bonds . bonds mature in 1 2 years, assume the bonds are issued

issued $

400, 000

8 %

bonds

.

bonds mature in

12

years, assume the bonds are issued at

92.9 %

of face value, what is the total amount of interest expense over the life of the bond issue

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