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Required information [The following information applies to the questions displayed below.] On January 1, 2018, Morton Sales Co. issued zero-coupon bonds with a face
Required information [The following information applies to the questions displayed below.] On January 1, 2018, Morton Sales Co. issued zero-coupon bonds with a face value of $5.6 million for cash. The bonds mature in 6 years and were issued at a price of $3,528.952. (EV of $1, PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: What total interest expense will Morton Sales Co. report over the 6 year life of these bonds? (Enter your answer in whole Interest expense
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