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What will be the amount of interest beckon inc

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Reference no: EM132494064

Question 1: Beckon Inc. received proceeds of $1116000 on 10-year, 9% bonds issued on January 1, 2019. The bonds had a face value of $1184000, pay interest annually on December 31, and have a call price of 103. Beckon Inc. uses the straight-line method of amortization. What will be the amount of interest Beckon Inc. must pay the bondholders in 2019?

Reference no: EM132494064

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