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Business, 12.08.2020 06:01 Navi18

A company issues $15200000, 9.8%, 20-year bonds to yield 10% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14939182. Using effective-interest amortization, how much interest expense will be recognized in 2017

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A company issues $15200000, 9.8%, 20-year bonds to yield 10% on January 1, 2017. Interest is paid on...
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