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Sunrise Company sells $500,000 of 8%, 20-year bonds for 73.0156 on April 1, 2018. The market rate of interest on that day is 11.5%. Interest
Sunrise Company sells $500,000 of 8%, 20-year bonds for 73.0156 on April 1, 2018. The market rate of interest on that day is 11.5%. Interest is paid ea year on April 1. The issue price of the bond is $365,078. Sunrise Company uses the straight-line amortization method. The amount of interest expenses each year will be (Round intermediary calculations to the nearest whole number.) O A. $40,000 O B. $24,883 O c. $64,246. OD. $46,746. O E none of these
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