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5 points) IRHT, Inc. issued a $18,560,000, 8%, 8 year bond for $17,517,483 on January 1, 2023. If the market rate on the bond was

5 points) IRHT, Inc. issued a $18,560,000, 8%, 8 year bond for $17,517,483 on January 1, 2023. If the market rate on the bond was 9% and if the bond pays interest annually, how much unamortized bond disount should be recognized on December 31, 2023? Assume the company uses the effective interest method for amortizing bond premiums and discounts. (LE 3) $17,609,257 $17,425,710 $ 1,172,831 $950,743

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