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A company issues $15600000,9.8%,20-year bonds to yield 10% on January 1, 2024. Interest is paid on June 30 and December 31 . The proceeds from

image text in transcribed A company issues $15600000,9.8%,20-year bonds to yield 10% on January 1, 2024. Interest is paid on June 30 and December 31 . The proceeds from the bonds are $15332318. What is interest expense for 2025 if the straight-line method of amortization is used? $1542184$1897547$1531908$1528800

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