Question: Final Exam 24 Saved Help Save & Exit Submit On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7%, bonds that pay

Final Exam 24 Saved Help Save & Exit Submit On January 1 of Year 1, Congo Express Airways issued $3,500,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,197,389 and the market rate of interest for similar bonds is 8% The bond premium or discount is being amortized using the straight-line method at a rate of $10,087 every six months. The life of these bonds is: 0129.48 Multiple Choice O 15 years 30 years. 26.5 years O O 32 years. 35 years Tanga Dad ne Month- E RIC

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