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Pina Corporation issued $918,000,9%,10-year bonds on January 1,2022 , for $860,820. This price resulted in an effective-interest rate of 10% on the bonds. Interest is
Pina Corporation issued $918,000,9%,10-year bonds on January 1,2022 , for $860,820. This price resulted in an effective-interest rate of 10% on the bonds. Interest is payable semiannually on July 1 and January 1 . Pina uses the effectiveinterest method to amortize bond premium or discount. What will the total interest expense be over the 10 years the bonds are outstanding
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