Question: Legacy issues $ 7 4 0 , 0 0 0 of 7 . 5 % , four - year bonds dated January 1 , 2

Legacy issues $740,000 of 7.5%, four-year bonds dated January 1,2026, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%.
Problem 10-4A (Algo) Part 2
2. Determine the total bond interest expense to be recognized over the bonds' life.

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