What was the straight-line interest expense on the december
1. On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually. What was the straight-line interest expense on the December 31 annual income statement?
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1 on january 1 a company issued 3 20-year bonds with a face amount of 80 million for 69033776 to yield 4 interest is
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