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Struggling on this. Any help would be appreciated! Marigold Corp. issued $560000 of 7%, 10-year bonds on one of its interest dates for $483672 to

image text in transcribedStruggling on this. Any help would be appreciated!

Marigold Corp. issued $560000 of 7%, 10-year bonds on one of its interest dates for $483672 to yield an effective annual rate of 9%. The effective- interest method of amortization is to be used. Interest is paid annually. What amount of discount (to the nearest dollar) should be amortized for the first interest period? O $5343 O $6870 O $8661 $4330

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