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A company issues $26000000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest...

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Accounting

A company issues $26000000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $25399020. Using effective-interest amortization, how much interest expense will be recognized in 2020?
$1523973
$754000
$1508000
$1524180

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