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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
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. Using effective-interest amortization, how much interest expense will be recognized in 2020? $842800 $1685600 $1690608 $1690484
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