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on january 1, 2020 jones co issued a 10 year bond with $200,000 maturity value and an annual coupon rate of 10%. interest is paid

on january 1, 2020 jones co issued a 10 year bond with $200,000 maturity value and an annual coupon rate of 10%. interest is paid each june 30 and december 31

the annual market rate at issuance was 8% and the issuance price was $227,100

compute the interest expense recorded on june, 2020 and december 31, 2020

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