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0.3 points Save Answe Cotton Company issued $500,000 of 7%, 10-year bonds on one of its interest dates for $431,850 to yield an effective annual
0.3 points Save Answe Cotton Company issued $500,000 of 7%, 10-year bonds on one of its interest dates for $431,850 to yield an effective annual rate of 9% The effective- interest method of amortization is to be used. Interest is paid annually. What amount of discount (to the nearest dollar) should be amortized for the first interest period? O $4,770 O $6,133 O $7,732 O $3,867
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