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QUESTION 5 On January 1, Year 1, Weller Company issued bonds with a $270,000 face value, a stated rate of interest of 10.50% and a
QUESTION 5 On January 1, Year 1, Weller Company issued bonds with a $270,000 face value, a stated rate of interest of 10.50% and a 10-year term to maturity. Weller uses the effective interest method to amortize bond discounts and premiums. The market rate of interest on the date of issuance was 8.50%. Interest is paid annually on December 31. Assuming Weller issued the bonds for $292,790, what is the carrying value of the bonds on the December 31, Year 3? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) O $298,350 O$281,493 O $289,327 $285,570
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