At the end of last year, the company's assets totaled ...

14. On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 7%. The market interest rate is 5%. The issue price of the bond was $10,866. Using the effective interest method of amortization and rounding to the nearest dollar, the interest expense in the first year ended December 31 would be: A ... ................
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