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A company issues $16300000,5.8%,20-year bonds to yield 6% on January 1, 2024. Interest is paid on June 30 and December 31 . The proceeds from

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A company issues $16300000,5.8%,20-year bonds to yield 6% on January 1, 2024. Interest is paid on June 30 and December 31 . The proceeds from the bonds are $15923229.22. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024 ? $95554 as $945400 $472700 $955475

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