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Microsoft Corporation issues bonds with a face value of $3,000,000 and a stated interest rate of 6%. The bonds mature in 20 years and pay

Microsoft Corporation issues bonds with a face value of $3,000,000 and a stated interest rate of 6%. The bonds mature in 20 years and pay interest semi-annually. Compute the semi-annual interest payment and the total interest expense over the life of the bonds.

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