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Business, 28.11.2019 06:31 ghari112345

On january 1, year 1, mcgee corporation issues 5%, 10-year bonds with a face amount of $100,000. on issuance date, the market rate of interest is 5%; therefore, the issue price of the bonds is $100,000. interest is paid semiannually on june 30 and december 31. the first payment of interest on june 30 will include a:

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