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On January 1, Boston Enterprises issues bonds that have a $1,700,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to the bondholders every six months
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On January 1, Boston Enterprises issues bonds that have a $1,700,000 par value, mature in 20 years,...
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