Homeworklib On January 1, 2024, an investor paid $311,000 for bonds with a face amount of $375,000. The stated rate

homeworklib On January 1, 2024, an investor paid $311,000 for bonds with a face amount of $375,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)


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