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A company issues $25450000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . Ifie proceeds from

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A company issues $25450000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . Ifie proceeds from the bonds are $24946274. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024 ? $1985100$992550$1995706$1995914

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