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1 points Save Answer A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 20x1. Interest is paid on June 30 and
1 points Save Answer A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 20x1. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,108. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 20x1 balance sheet? $14,709,481 $15,000,000 $14,718,844 $14,716,105
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