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A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777 for the bonds. Using the st
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Answer #1
Correct Option is $6472.30

Annual discount amortization = (100000-97777)/10= 222.30

Amount of interest expense for the first interest period = (100000*6.25%)+222.3= $6472.3
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