item16 time remaining 42 minutes 10 seconds00:42:10 item 16 time remaining 42 minutes 10 seconds00:42:10 on january 1 of year 1, congo express airways issued $4,100,000 of 7%, bonds that pay interest semiannually on january 1 and july 1. the bond issue price is $3,606,000 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 $13,000 every six months. the life of these bonds is: multiple choice 28 years 38 years. 32 years. 19 years. 13 years.
