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A company issues $25950000,7.8%,20-year bonds to yield 8% on January 1,2020 . Interest is paid on June 30 and December 31. The proceeds from the
A company issues $25950000,7.8%,20-year bonds to yield 8% on January 1,2020 . Interest is paid on June 30 and December 31. The proceeds from the bonds are $25436376. What is interest expense for 2021 , using straight-line amortization? $2036530$2000300$2049781$2024100 Step by Step Solution
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Accounting And Finance For Non Specialists
Authors: Peter Atrill, Eddie Mclaney
4th Edition
0273679627, 9780273679622
