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Monty Company issues $ 1 6 1 0 0 0 0 0 , 9 . 8 0 % , 2 0 - year bonds to
Monty Company issues $year bonds to yield on January Interest is paid on June and December
The proceeds from the bonds are $ Monty uses effectiveinterest amortization. What amount of interest expense will
Monty record for the June payment?
$
$
$
$
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