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Business, 02.12.2019 23:31 dinadenoirefan

The interest rate specified in thdesigner company issued 10-year bonds on january 1. the 8% bonds have a face value of $108,000 and pay interest every january 1 and july 1. the bonds were sold for $130,260 based on the market interest rate of 6%. designer uses the effective interest method to amortize bond discounts and premiums. on july 1 of the first year, designer should record an interest expense (round to the nearest dollar) ofe bond indenture is called the

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