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A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777 for the bonds. Using the straight-line method of amortization,

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A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first interest period is: Multiple Choice 2,223.00 $6,02770 $6,250.00 $6.472.30

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