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Kelsey Corporation issued bonds on 1/1/year1. The bonds have a 10 year maturity, a face value of $200,000 and a stated interest rate of 3%.
Kelsey Corporation issued bonds on 1/1/year1. The bonds have a 10 year maturity, a face value of $200,000 and a stated interest rate of 3%. The market rate of interest on the date of issue was 4%. The bonds were issued for $183,777 How much interest expense will Kelsey Corp. record related to this bond over the 10-year life. (You do not need to do an amortization schedule to answer this.) O a $63,777 Ob.$96,223 O c $80,000 O d.$16,223 O e $76,223 Of $60,000 0 9 543,777
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