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Lacrosse Inc. issued on January 1, 2021 a ten-year $30 million bond with a contract rate of interest listed at 8 percent. The market rate
Lacrosse Inc. issued on January 1, 2021 a ten-year $30 million bond with a contract rate of interest listed at 8 percent. The market rate of interest on January 1, 2021 was 12 percent. Cash interest payments are semi-annually. The interest expense to be paid in cash by Lacrosse Inc. for the full 2021 year would be? The interest expense to be paid in cash by Lacrosse Inc. for the first semi-annual interest payment would be
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