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Ivanhoe Company issued $1960000 of 6%, 5-year bonds at 96. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on

Ivanhoe Company issued $1960000 of 6%, 5-year bonds at 96. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?

$133280

$117600

$58800

$125440

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