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On January 1, a company issued 6%, 15-year bonds with a face amount of $90 million for $74.437,281 to yleld 8%. Interest is pald semiannually.

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On January 1, a company issued 6%, 15-year bonds with a face amount of $90 million for $74.437,281 to yleld 8%. Interest is pald semiannually. What was the Interest expense at the effective Interest rate on the December 31 annual Income statement? (Enter your answers in whole dollars. Round your Intermediate calculations to the nearest dollar amount.) Answer is complete but not entirely correct. Period End Cash Interest Paid Bond Interest Expense Discount Amortization January 1 June 30 December Carrying Value $74.437.281 7 4,159,789 74,437 280 $ $ 2,700,000 2,700,000 2977.4913 2.977,401 5,954,982 277,491 277.491 Total $

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