Answer:
$28,100
Explanation:
The computation of the bond interest expense is shown below:
= (Issued amount × interest rate) + (Issued amount - given amount) ÷ time period
= ($450,000 × 6%) + ($450,000 - $439,000) ÷ 10 years
= $27,000 + $1,100
= $28,100
In semi annual period, the interest rate is half and the time period is doubles and the same is shown
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