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20-12-2022
Business

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terps company issued a $500,000, 10 percent, 10-year bond on january 1, 2014, for 113.6 when the effective interest rate was 8 percent. interest is payable on june 30 and december 31. using the effective-interest method to amortize all premiums and discounts, how much interest expense should the company record on december 31, 2014?

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