Discount-Mart issues $10 million in bonds on January 1,2018.The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year.Below is a partial bond amortization schedule for the bonds: What is the carrying value of the bonds as of December 31,2019?
A) $8,834,770.
B) $8,686,606.
C) $8,734,070.
Correct Answer:
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