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On January 1 of this year, Keshon Corporation issued bonds with a face value of $ 2 , 1 0 0 , 0 0 0

On January 1 of this year, Keshon Corporation issued bonds with a face value of $2,100,000 and a coupon rate of 15 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 15 percent.
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2. What amount of interest expense should be recorded on June 30 and December 31 of this year?

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