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Legacy issues $660, 000 of 5.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued

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Legacy issues $660, 000 of 5.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $648, 412 and their market rate is 6% at the issue date. Determine the total bond interest expense to be recognized over the bonds' life

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