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Sheffield Company issues $15500000,5.80%,20-year bonds to yield 6% on January 1,2025 . Interest is paid on June 30 and December 31 . The proceeds from

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Sheffield Company issues $15500000,5.80%,20-year bonds to yield 6% on January 1,2025 . Interest is paid on June 30 and December 31 . The proceeds from the bonds are $15141721. Sheffield uses effective-interest amortization. What amount of interest expense will Sheffield record for the June 30,2025 payment? $465000$908504$449500$454252

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