Johnson Limited Issued $100,000 of 8%, 10 year debenture at a price of 102 on June 1, 2020. Johnson pays interest each 1 October and 1 January. The total interest expense over the life of the debenture is:

Johnson Limited Issued $100,000 of 8%, 10 year debenture at a price of 102 on June 1, 2020. Johnson pays interest each 1 October and 1 January. The total interest expense over the life of the debenture is: ||