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Question 6 Progressive Co. reported the following in long-term debt footnote of its 2020 10-K: 2020 2019 Fiscal Year ending 12/31 Carrying Fair Carrying Fair

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Question 6 Progressive Co. reported the following in long-term debt footnote of its 2020 10-K: 2020 2019 Fiscal Year ending 12/31 Carrying Fair Carrying Fair (in millions) Value Value Value Value 3.75% Notes due 2025 (issued: $500) 497.6 509.1 497.3 549.1 6.25% Bonds due 2032 (issued: $400) 394.6 473.7 394.5 513.5 What interest expense (in millions) did Progressive record for the 3.75% notes in 2020? $11.50 $18.75 $18.66 $19.05

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