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What is the amount of interest sunland must pay

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Question - Sunland Company received proceeds of $995000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $1056000, pay interest annually on December 31, and have a call price of 104. Sunland uses the straight-line method of amortization. What is the amount of interest Sunland must pay the bondholders in 2019?

Reference no: EM133018363

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