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On December 31,2023 , Abbott Ltd called its 12% bonds at a price of 105 . The 10 -year bonds have a face amount of

image text in transcribed On December 31,2023 , Abbott Ltd called its 12% bonds at a price of 105 . The 10 -year bonds have a face amount of $16 million and were issued on January 1,2017 for $12.3 million. The bonds pay interest semiannually. Abbott uses straight-line amortization for any discount or premium on its bonds

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