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To raise capital for construction of a building for company headquarters, Alberto Company issued $ 2 , 0 0 0 , 0 0 0 ,

To raise capital for construction of a building for company headquarters, Alberto Company issued $

2, 000, 000, 8 %, 10 -

year bonds. Bond pays interest semiannually. The market interest rate on the issue date was

9.5 % .

What is expected cash proceeds from the issuance and sale of the bonds? What is the total interest expense on this bond?

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