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Barnes Corp. issues $ 8 0 0 , 0 0 0 of 9 % , 2 0 - year bonds. The bonds are dated January

Barnes Corp. issues $800,000 of 9%,20-year bonds. The bonds are dated January 1,2011, and are due in 20 years on January 1,2031. Interest is paid semi-annually each June 30 and December 31. All the bonds are sold at their par value. Calculate the interest$ .

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