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What is the total interest income

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Question - Beta Company purchased a bond investment on January 1, 2016. The bonds have a par of $20,000, pay interest at 5% annual rate and have 4 years until maturity. What is the total interest income that will be reported over the life of the bond investment if the bonds were purchased at 106 and beta uses the straight line amortization method?

Reference no: EM131723521

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