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A company issues $25950000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from

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A company issues $25950000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from the bonds are $25436378. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024 ? $2024100$1012050$2034918$2035126

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