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www Second Cup issues $800,000 of 9%, 20-year bonds at a discount of 10%. The Market Int rate at the time of issue is 12%.

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www Second Cup issues $800,000 of 9%, 20-year bonds at a discount of 10%. The Market Int rate at the time of issue is 12%. The int is paid quarterly. Calculate the first period interest expense and record the entry Sus T YU S D H V B N M E B

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