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Legacy issues $640,000 of 8.5%, four-year bonds dated january 1, 2017, that pay interest semiannually on june 30 and december 31. they are issued at $570,443 and their market rate is 12% at the issue date. 2. determine the total bond interest expense to be recognized over the bonds' life.
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Legacy issues $640,000 of 8.5%, four-year bonds dated january 1, 2017, that pay interest semiannuall...
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