Question: On January 1 , 2 0 2 0 , a company issued $ 2 5 0 0 0 0 , 8 % , 1 1

On January 1,2020, a company issued $250000,8%,11-year bonds payable at 98. The market rate on issue date was 12%, and interest is payable semi-annually.
What is interest expense for 2020 if the straight line method is used to amortize bond premiums and discounts?

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