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uark Corp. issues bonds on January 1, 2020 with a face value of $100,000, a coupon (stated) rate of 8%, and they mature in ten
uark Corp. issues bonds on January 1, 2020 with a face value of $100,000, a coupon (stated) rate of 8%, and they mature in ten years. The market rate is 11% on January 1, 2020. The bonds sell for $82,074 and pay interest semi-annually on 6/30 and 12/31 each year. What is the amount of interest expense recognized by Quark on June 30, 2020? Select one: O a. $4,514 O b. $4,207 O c. $4,377 O d. $4,000 e. $5,500
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