Calculate the total interest expense to be recorded

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Bond Interest Expense

Smith & Sons, Inc., sold $100,000 face value, six percent coupon rate, four-year bonds, for an aggregate issue price of $96,000.

Calculate the total interest expense to be recorded by the company over the four-year life of the bonds.

Reference no: EM131346626

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Calculate the total interest expense to be recorded : Smith & Sons, Inc., sold $100,000 face value, six percent coupon rate, four-year bonds, for an aggregate issue price of $96,000. Calculate the total interest expense to be recorded by the company over the four-year life of the bonds.

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