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A company issues $25500000,5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from

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A company issues $25500000,5.8%, 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 $24910577. Using effective-interest amortization, how much interest expense will be recognized in 2020? $739500 $1494869 $1494662 O $1479000

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