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On January 1, a company issued 4%,10-year bonds with a face amount of $75 million...

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Accounting

On January 1, a company issued 4%,10-year bonds with a face amount of $75 million for $63,842,205 to yield 6%. Interest is paid
semiannually. What was the straight-line interest expense on the December 31 annual income statement?
Note: Round intermediate calculations and your final answer to the nearest whole dollar.
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