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On Januacy 1, 2025, Entity D iasued $1,000,000 of 7%,5-year bonds at 98 . The bonds pay interest annually on December 31 and Entity D

On Januacy 1, 2025, Entity D iasued $1,000,000 of 7%,5-year bonds at 98 . The bonds pay interest annually on December 31 and Entity D amortizes any premium or discount using the strigight-line method. What is the annial interest exponse on the bonds? 566,000 $4000 $70.000 574,000

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