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Dekay Dental Supplies issued $10,000 of bonds on January 1, 2021. The bonds pay interest semiannually. This is a partial bond amortization schedule for the

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Dekay Dental Supplies issued $10,000 of bonds on January 1, 2021. The bonds pay interest semiannually. This is a partial bond amortization schedule for the bonds. (Round your answer to nearest whole dollar amount.) Effective Decrease in Outstanding Payment Cash interest balance balance 9,080 400 409 9,089 400 409 9,098 400 409 9 9,107 400 410 10 9,117 5 . 9 9 4 What is the stated annual rate of interest on the bonds? Multiple Choice 40% 4.5%. 9.0% Multiple Choice 4.0%. 4.5% 9.0% 8.0%

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