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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 $16100000,9.80%,20-year bonds to yield 10% on January 1,2025. Interest is paid on June 30 and December
The proceeds from the bonds are $15823739. Monty uses effective-interest amortization. What amount of interest expense will
Monty record for the June 30,2025 payment?
$1582374
$805000
$788900
$791187
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