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On January​ 1, 2020​, Clare Corporation issued $700,000​, 6​%, 5​-year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $762,878. The market rate of interest when the bonds were issued was 4​%. Under the​ effective-interest method, the interest expense for the six months ending July​ 1, 2020​, would be closest to?

            $15,258

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