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moodle 2020 2021.fullerton.edu/mod/quiz/secured.phpflockdown You Tube Maps Translate A company issues $15,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2020. Interest is paid

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moodle 2020 2021.fullerton.edu/mod/quiz/secured.phpflockdown You Tube Maps Translate A company issues $15,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2020. Interest is paid annually. The proceeds from the bonds are $14,703,108. What is bond amortization expense for the period ended December 31, 2020 under the effective interest method? Select one: O a. $15,408 O b. $16,845 O c. $6,249 O d. $11,000

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