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Business, 02.04.2020 04:26 andrew729

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2017. interest is paid on june 30 and december 31. the proceeds from the bonds are $14,703,108. using effective-interest amortization, how much interest expense will be recognized in 2017?

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A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2017. interest is paid o...
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