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Problem - Daleville Company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2017. The bonds had a face value of $200,000, pay interest annually on December 31, and have a call price of 101. Daleville uses the straight-line method of amortization. What is the amount of interest Daleville must pay the bondholders in 2017?
A) $11,200
B) $12,000
C) $13,200
D) $10,800
E) $11,280
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