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a company issues 25,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The

a company issues 25,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are 24,505,180. Using straight line amortization, what is the carrying value of the bonds on December 31, 2022

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