What will the carrying value of the bonds

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Question - A company issues $25,600,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25,093,304. Using effective- interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?

Reference no: EM133077613

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