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What is the carrying value of the bonds on december

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A company issues $17,000,000, 8%, 10-year bonds to yield 6% on January 1, 2021. Interest is paid on June 30 and January 1.

Question 1: Using straight-line amortization, what is the carrying value of the bonds on December 31, 2023?

Question 2: What is the interest for 2023 and 2022?

Reference no: EM132599726

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