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How much interest expense will be recognized

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Question - A company issues $25300000, 5.8%, 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 $24715200. Using effective-interest amortization, how much interest expense will be recognized in 2020?

Reference no: EM132918041

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