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Question 7 1 pts STEPHCO issued 5 year bonds with a $500,000 face value on July 1, 2018. The bonds were issued at 98 with

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Question 7 1 pts STEPHCO issued 5 year bonds with a $500,000 face value on July 1, 2018. The bonds were issued at 98 with a face interest rate of 6% when the market rate was 7%. What is the total amount of bond interest expense to be recognized during the life of the bond? $ 165,000 $140,000 $185,000 $160,000 None of the choices are correct responses

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