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Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2 Skip to question [The following information applies to the questions displayed below.] Duval

Exercise 10-7 (Algo) Straight-Line: Amortization table and bond interest expense LO P2

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[The following information applies to the questions displayed below.] Duval Company issues four-year bonds with a $102,000 par value on January 1, 2021, at a price of $97,990. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31.

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