Determine the total bond interest expense

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Question - Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12%.

Determine the total bond interest expense to be recognized over the bonds' life.

Reference no: EM132425865

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