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At the beginning of 2024 , Winston Corporation issued 10% bonds with a face value of $4,000,000. These bonds mature in five years, and interest

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At the beginning of 2024 , Winston Corporation issued 10% bonds with a face value of $4,000,000. These bonds mature in five years, and interest is paid annually on December 31 . The bonds were sold for $3,705,578 to yield 12%. Winston uses a calendar-year reporting period. If the effective-interest method of amortization is used, what is the carrying value of bond at the end of 2024? (Round your answer to the nearest dollar.) A) $3,955,331 B) $3,750,247 C) $4,044,669 D) $3,360,909

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