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On January 1, Melrose Manufacturing issues... On January 1, Melrose Manufacturing issues a 5-year bond with a face value of $10,000 and a stated interest

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On January 1, Melrose Manufacturing issues... On January 1, Melrose Manufacturing issues a 5-year bond with a face value of $10,000 and a stated interest rate of the market interest rate is 7. These price of the bond was $11.006. Using the effective interest method of amortization, the rest expense for the first year eaded December at would be Multiple Choice 520000 $990.54 590000 o 577042

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