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A company issues $25550000,9.8%,20-year bonds to yield 10% on January 1,2020 . Interest is paid on June 30 and December 31 . The proceeds from

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A company issues $25550000,9.8%,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 $25111593. Using effective-interest amortization, how much interest expense will be recognized 2020? $2503900$2511341$2511134$1251950

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