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Previous Page Next Page Page 20 Question 2 (5 points) A company issues $5,000,000, 6%, 10-year bonds to yield 8% on January 1, 2017. Interest

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Previous Page Next Page Page 20 Question 2 (5 points) A company issues $5,000,000, 6%, 10-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,320,500. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet? (5 points) A/

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