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A company issues $17200000.9.8%, 20 year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds

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A company issues $17200000.9.8%, 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 $16904864. What is interest expense for 2021, using straight-line amortization? $1692406 $1685600 $1700357 $2055720

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