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What the interest expense incurred on june

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Question 1: On January? 1, 2020, BabyYoda Corp. issued $930,000 face value, 4%, 5 year bonds. The bond interest is paid on June 30 and December 31. The bonds sold for $850,669. When the bonds were sold, the effective rate of interest was 6%. Under the effective-interest method, the interest expense incurred on June 30, 2020 would be closest to:

Reference no: EM132498721

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