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What is interest expense using straight-line amortization

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Question - A company issues $20,000,000, 7.8%, 20-year bonds at discount on January 1, 2006. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,816,160. What is interest expense for 2007, using straight-line amortization?

Reference no: EM133108519

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