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A company issues $15500000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
A company issues $15500000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15234034. What is interest expense for 2021, using straight-line amortization?
$1532298
$1519000
$1887661
$1524347
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Applied Cost Benefit Analysis
Authors: Robert J. Brent
2nd Edition
1843768917, 978-1843768913
