Question: Suppose that Ivanhoe issued $ 2 0 8 0 0 0 0 of 5 % , 5 - year bonds at 9 6 . Assuming

Suppose that Ivanhoe issued $2080000 of 5%,5-year bonds at 96. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?
$52000
$112320
$120640
$104000

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