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  3. fila issued $100,0000 worth of 5-year, 7% bonds. t

Fila issued $100,0000 worth of 5-year, 7% bonds. The current market rate was 7.5%. Fila...

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Accounting

Fila issued $100,0000 worth of 5-year, 7% bonds. The current market rate was 7.5%. Fila received $97,947 for the bonds using the straight line method. The amount of interest expense for the first semiannual payment was:

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