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I know the answer is C. but i don't know how to solve it. Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with

I know the answer is C. but i don't know how to solve it.

Dakota Company issued $700,000 of 6%, 5-year bonds at 98, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?

a. $686,000

b. $683,200

c. $688,800

d. $697,200

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