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Can I get a step-by-step explanation? Baxter Company issued $703,000,8%,4 - year bonds for 103 with interest paid annually. Assuming straight - line amortization, what

Can I get a step-by-step explanation?

Baxter Company issued $703,000,8%,4 - year bonds for 103 with interest paid annually. Assuming straight - line amortization, what is the carrying value of the bonds after two years? A. $713,545 B. $708,272.5 C. $724,090 D. $703,000

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