Question: issued 50 bonds with a $1,000 face value, a five-year life, and a stated annual coupon of 6% for $980 each when the market rate

issued 50 bonds with a $1,000 face value, a five-year life, and a stated annual coupon of 6% for $980 each when the market rate was 6.5%.

Prepare a bond amortization table and calculate the total amount of interest expense over the life of the bonds?

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