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A company issues $25800000, 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 $25800000, 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 $25203638. What is interest expense for 2021, using straight-line amortization?

$1476737

$1526218

$1512967

$1496400

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