Question: A company issues an 4 % , three - year note with a face value of $ 2 5 , 0 0 0 . No

A company issues an 4%, three-year note with a face value of $25,000. No interest will be paid until the maturity date of the note. Interest expense in the first year will be:
Multiple choice question.
$100
$0
$1,000

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