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The bonds are dated January 1, 2007, and pay interest on June 30 and December 31. What is the total cash received on the issue date? A. $9,700,000 b. $10,225,000 c. $9,850,000 d. $9,550,000 A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, how much interest expense will be recognized in 2007? A. $780,000 b. $1,560,000 c. $1,568,498 d. $1,568,332 A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2007 balance sheet? A. $19,612,643 b. $20,000,000 c. $19,625,125 d. $19,608,310 A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2006. Interest is paid on June 30 and December 31. The
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