Denver Co. issued bonds with a face value of $65,000 and a stated interest rate of 9%. The bonds have a life of five years and were sold at 103.
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Denver Co. issued bonds with a face value of $65,000 and a stated interest rate of 9%. The bonds have a life of five years and were sold at 103. If Denver amortizes discounts and premiums using the straight-line method, the amount of interest expense each full year would be:
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