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QUESTION 5 Pearson Co issue its $145,000 at a price of 96, the stated rate is 5%, the bond term is 4 years, and the

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QUESTION 5 Pearson Co issue its $145,000 at a price of 96, the stated rate is 5%, the bond term is 4 years, and the market rate is 9% Assume the term of the bonds is 4 years, Using the effective interest method, the interest expense in the 1st year will be $

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