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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

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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? None of the choices are correct responses $165,000 $140,000 $160.000 $185.000

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