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What is the carrying value of the bonds on December

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Question - A company issues $16500000, 9.8%, 20-year bonds to yield 10% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16216875. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021?

Reference no: EM132853615

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