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The carrying value of 4% bonds with face value of $3,000,000 is $2.688,500. The bonds have 7 years to maturity. Interest is payable semiannually. Assuming
The carrying value of 4% bonds with face value of $3,000,000 is $2.688,500. The bonds have 7 years to maturity. Interest is payable semiannually. Assuming that the next coupon payment is after 6 months, how much is the total Interest expense until maturity? Multiple Choice $790,300 S528,500 $1,151.500 S840,000
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