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The amount of interest expense for the first semiannual

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A company issued 5-year, 7% bonds with a par value of $105,000. The company received $102,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is:
$3,880.30.
$3,675.00. incorrect
$7,760.60.
$3,469.70.
$7,350.00.

Reference no: EM13338007

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