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Question 16 3 pts Seaside Corp. issued 10%, 5-year bonds with a face amount of $50,000 on January 1, 2020. The market interest rate for

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Question 16 3 pts Seaside Corp. issued 10%, 5-year bonds with a face amount of $50,000 on January 1, 2020. The market interest rate for bonds of similar risk and maturity is 12%. Interest is paid semiannually on June 30 and December 31. Seaside uses the effective interest method to account for these bonds. For these bonds, the carrying value would Decrease each period from issue date to maturity date Increase each period from issue date to maturity date Stay the same and neither increase nor decrease from issue date to maturity date Cannot be determined from the given information

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