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A company issues $25100000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
A company issues $25100000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24519818. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?
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