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Business, 03.07.2020 01:01 dtrammel91

On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.

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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond th...
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