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On January 1, a company issued 7%, 15-year bonds with a face amount of S90 million for $82.218,535 to yield 8%. Interest is paid semiannually,

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On January 1, a company issued 7%, 15-year bonds with a face amount of S90 million for $82.218,535 to yield 8%. Interest is paid semiannually, what was interest expense at the effective interest rate on June 30, the first interest date? rest

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