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Posted on Jun 09, 2024

On January 1 , 2 0 2 4 , Eagle Corp issued 6 million dollars of 5 year bonds af 7 % stated interest rate

On January

1, 2024,

Eagle Corp issued

6

million dollars of

5

year bonds af

7 %

stated interest rate to be paid annually. Eagle Corp issued the bonds for $

5763060

since the market rate of interest was

8 % .

What is the total amount of interest expense reported by Eagle Corp in its

2025

income statement?

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