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On January 1, 2015, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $92,000 for $85,462, priced to yield 7%. Interest is paid
On January 1, 2015, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $92,000 for $85,462, priced to yield 7%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2015, the first interest payment date?
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