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A company issues $16100000, 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 $16100000, 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 $15823739. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?

$16100000

$15828427

$15837789

$15826026

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