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Compute the carrying value of the bonds be on the december

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Question - A company issues $26000000, 5.4%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24197047. Using effective-interest amortization, compute the carrying value of the bonds be on the December 31, 2020 balance sheet?

a. $26000000

b. $24261190

c. $24220956

d. $24245587

Reference no: EM132735581

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