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what is interest expense? 1. On July 1,2024 , Moonlight Bay issued bonds with a face amount of ( $ 2,000,000 ). The bonds mature

what is interest expense? 1. On July 1,2024 , Moonlight Bay issued bonds with a face amount of \( \$ 2,000,000 \). The bonds mature in 20 years and interest of \( 9 \% \) is payable semiannually on June 30 and December 31. The 2 answers

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