11. A company issues $10,000,000, 7.5%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,604,145. Using effective- interest amortization, how much interest expense will be recognized in 2007? (2 points) $780.000 $768.332 $1.568.498 $1,568332