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Walmart issues $1,500,000 of 20-year bonds on 1/1/20 that pay 2% on a semiannual basis each June 30 and December 31. The bonds were issued

Walmart issues $1,500,000 of 20-year bonds on 1/1/20 that pay 2% on a semiannual basis each June 30 and December 31. The bonds were issued at 97. What is the interest expense recorded each time the bondholders are paid?

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