What is the interest expense by straight-line amortization
Question:
A company issues 20,000,000, 7.8%, 20 year bonds to yield 8% on January 1, 2010. Interest is paid on June 30 and December 31. The proceeds from the bonds are 19,604,145. What is the interest expense using straight-line amortization?
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The proceeds from the bonds are 19,604,145. What is the interest expense using straight-line amortization?
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