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Katy's Katfoods issued $484 thousand of 7.6% bonds on January 1, 20x1. The bonds mature in 18 years and pay interest each December 31. Assume

Katy's Katfoods issued $484 thousand of 7.6% bonds on January 1, 20x1. The bonds mature in 18 years and pay interest each December 31. Assume the bonds are issued at 105.1% of face value. What is the total amount of interest expense over the life of this bond issue?

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