Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $648,412 when the market rate is 6%.   Problem 14-4A Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life.     Total bond interest expense over life of bonds: Amount repaid:   payments of     Par value at maturity   Total repaid 0 Less amount borrowed   Total bond interest expense $0

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