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Business, 25.11.2020 14:10 harleymustangs4992

On January 1, 2019, Chin Corporation issued $3,400,000, 16%, 5−year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $3,619,600. The market rate of interest for these bonds was 14%. Under the effective−interest method, what is the interest expense for the six months ending July 1, 2019?

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On January 1, 2019, Chin Corporation issued $3,400,000, 16%, 5−year bonds. The bond interest is paya...
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