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Tesla, Inc. issues bonds with a face value of $1,000,000 and a stated interest rate of 6%. The bonds mature in 10 years and pay

ยท Tesla, Inc. issues bonds with a face value of $1,000,000 and a stated interest rate of 6%. The bonds mature in 10 years and pay interest semi-annually. Compute the semi-annual interest payment and the total interest expense over the life of the bonds.

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