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Acompany issues $25,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2017. interest is paid on june 30 and december 31. the proceeds from the bonds are $24,505,180. using effective-interest amortization, how much interest expense will be recognized in 2017? group of answer choices $1,960,623 $975,000 $1,960,415 $1,950,000
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Acompany issues $25,000,000, 7.8%, 20-year bonds to yield 8% on january 1, 2017. interest is paid on...
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