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The Levi Company issued $100,000 of 10+6 bonds on Jantuary 1 of the current year at faci value. The bocds pay interest semiannually en June

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The Levi Company issued $100,000 of 10+6 bonds on Jantuary 1 of the current year at faci value. The bocds pay interest semiannually en June 30 and Deeember 31. The bonds are dated January 1 , and mature in five yearh, on lanuary 1 . Determine the total intecest eapense related to these bonds fer the current year encing en Dicenber 31 is 3. 5ik33 b. $7.400 e stapoa a 55,000

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