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Business, 16.03.2020 18:31 ivan2076

McCoy's Building Supplies built a new headquarters to support its surging sales growth. McCoy issued a 10 year bond at 100 with a stated rate of 5% and a face value of 100,000 on January 1, 2016. Payments are due semi-annually. On January 1, 2017, Emmett McCoy wanted to see the financial statements for 2016. Based upon the information provided answer the following question: How much were the cash interest payments in 2016

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