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Ruohua Co. issued a $10,000, 8%, 3-year bond on January 1, 2019. The market interest rate was 10%.What is the interest expense of this bond

Ruohua Co. issued a $10,000, 8%, 3-year bond on January 1, 2019. The market interest rate was 10%.What is the interest expense of this bond for the year 2019?

Question 37 options:

$950.26

$1,344.33

$522.50

$1,000

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