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What amount of interest expense will be recorded

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On January 1, 2018, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $89,000 for $82,675, priced to yield 7%. Interest is paid semiannually.

What amount of interest expense will be recorded on June 30, 2018, the first interest payment date?

Reference no: EM132204083

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