I need help with a math problem

label Mathematics
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On January 1, 2011, The Hamilton Corporation issued $35,250 of 8%, 5-year bonds at 97. Hamilton uses the straight-line method of bond discount amortization. The interest payments are due on December 31 each year.

Based on the above, how much interest expense will Hamilton report on its income statement on December 31, 2011?


A) $212
B) $1,058
C) $2,820
D) $3,032

Nov 19th, 2015

Thank you for the opportunity to help you with your question!

The answer for your questions is B) $1,058.

Do not hesitate to ask me further questions or doubts. I will be more than happy to help you.

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Thank you

Anusha Reddy.

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 19th, 2015

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Nov 19th, 2015
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