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Question 23 1 pts Company Z issued a $500,000 bond on January 1, 2019 at 98 with an annual interest rate of 8% payable semiannually

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Question 23 1 pts Company Z issued a $500,000 bond on January 1, 2019 at 98 with an annual interest rate of 8% payable semiannually on January 1 and July 1. The bond has a five year term. The company uses the straight-line method to amortize any discount or premium. What is the interest expense on the first payment date? $40,000 $21,000 $42,000 $20,000

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