The carrying value of 9% bonds with face value of $4,500,000 is $4,792,300. The bonds...
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Accounting
The carrying value of 9% bonds with face value of $4,500,000 is $4,792,300. The bonds have 6 years to maturity. Interest is payable semiannually. Assuming that the next coupon payment is after 6 months, how much is the total interest expense until maturity?
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