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Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at

Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10%. 2. Determine the total bond interest expense to be recognized over the bonds' life

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