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On January 1, 2021, Morton Sales Co, issued zero-coupon bonds with a face value of $6,3 million for cash. The bonds mature in 10 years
On January 1, 2021, Morton Sales Co, issued zero-coupon bonds with a face value of $6,3 million for cash. The bonds mature in 10 years and were issued at a price of $2,661183. (EY of $1. PV of $1. EVA 0 SI PVA of $1. FVAD of S1 and PVAD of $11) (Use appropriate factor(s) from the tables provided.) Required: What total interest expense will Morton Sales Co report over the 10 year life of these bonds? (Enter your answer in whole dollars.) Interest expense
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