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Ike issues $150,000 of 11%, three-year bonds dated January 1, 2021, that pay interest semiannually...

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Accounting

Ike issues $150,000 of 11%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $153,805 when the market rate is 10%. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life.

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