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The Marx Company issued $100,000 of 12% bonds on April 1,2010 at face value. The bonds pay interest semiannually on January 1 and July 1

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The Marx Company issued $100,000 of 12% bonds on April 1,2010 at face value. The bonds pay interest semiannually on January 1 and July 1 . The bonds are dated January 1,2010, and mature on January 1, 2014. The total interest expense related to these bonds for the year ended December 31,2010 is (HINT: Draw a timeline to help you) 3.59,000 b. 53,000 c. 12,060 d. $1,000

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