A company issues $ XXXXXXXXXX, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $ XXXXXXXXXXUsing effective-interest...


A company issues $17200000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16904864. Using effective-interest amortization, how much interest expense will be recognized in 2020?





$1690484

$1690608

$842800

$1685600



Jun 02, 2022
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