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What is the carrying value of the bonds on December

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Question - A company issues $24950000, 5.8%, 20-year bonds to yield 6% on January 1, 2016. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24373280. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2018?

a. $24425675

b. $24806165

c. $24459788

d. $24468175

Reference no: EM132535489

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