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On January 1,2015 , Hans Company issues $100,000,15-year bonds with 8% coupon rate. Cash interests payments are due every December 31st. If the market rate

On January 1,2015 , Hans Company issues $100,000,15-year bonds with 8% coupon rate. Cash interests payments are due every December 31st. If the market rate is 10% at issuance, how much interest expense does Hans recognize on December 31, 2016? Round your answer to the nearest dollar

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