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QUESTION 7 Pearson Co issue its $193,400 at a price of 103, the stated rate is 9%, the bond term is 4 years, and the

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QUESTION 7 Pearson Co issue its $193,400 at a price of 103, the stated rate is 9%, the bond term is 4 years, and the market rate is 6% Assume the term of the bonds is 4 years Using the straight line method of amortization, the interest expense in the 1st year will be $

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