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Multiple Choice Question 73 A company issues $24950000, 5.8%, 20-year bonds to yield 6% on January 1, 2016. Interest is paid on June 30 and

Multiple Choice Question 73

A company issues $24950000, 5.8%, 20-year bonds to yield 6% on January 1, 2016. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24373280. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2018?

$24425675

$24806165

$24459788

$24468175

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