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Business, 13.07.2019 00:30 muravyevaarina

On january 1, a company issued 3%, 10-year bonds with a face amount of $80 million for $73,459,316 to yield 4%. interest is paid semiannually. what was the straight-line interest expense on the december 31 annual income statement? (enter your answer in whole dollars. round your intermediate calculations to the nearest dollar amount.)

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