Question: On November 1 , 2 0 2 2 , Davis Company issued $ 3 0 , 0 0 0 , nine - year, 9 %

On November 1,2022, Davis Company issued $30,000, nine-year, 9% bonds for $29,064. The bonds were dated November 1,2022, and interest is payable each November 1 and May 1. Davis uses the straight-line method of amortization.
How much is the semi-annual interest expense when the straight-line method of amortization is utilized?

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