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mattmaddox86
05.05.2020 •
Mathematics
Calculate the total amount of interest expense over the life of the bonds for the following independent situations.
(a) $100,000 face value, 10%, 10-year bonds issued at 101.
(b) $240,000 face value, 5%, 5-year bonds issued at 100.
(c) $300,000 face value, 9%, 6-year bonds issued at 98.
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