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For the given corporate bond, whose annual simple interest rate is provided, find the semiannual simple interest payment and the total interest eamed over the life of
the bond. Assume 365 days in a year
$12,500 Company A, 10-year bond, 4.896%
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The semiannual interest on the corporate bond is
(Round to the nearest cent as needed.)
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The total interest on the corporate bond is $
(Round to the nearest cent as needed.)
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