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Question 4 A company issues $17000000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31.

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Question 4 A company issues $17000000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16708295. Using effective interest amortization, how much interest expense will be recognized in 2020? $833000 $1670951 $1666000 $1670827

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