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A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% onJanuary 1, 2020. Interest is paid on June 30 and December 31.Using effective-interest amortization, interestExpenses

A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% onJanuary 1, 2020. Interest is paid on June 30 and December 31.Using effective-interest amortization, interestExpenses reported for the 2 answers

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