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Business, 14.04.2020 21:50 rocky8875

Bond Terms 8%, 20-year bond, Face Value: $500,000 Interest Payment dates, June 30 and December 31 Bond issued on 1/1/2020 Under each of the following three scenarios, CALCULATE a) Cash received at issuance b) The amount of the interest payment ) The total interest expense on the bond d)The total amount repaid at maturity Scenarios: 1) Bond issued at face 2) Bond issued at 97.25 3) Bond issued at 102.5

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