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12 points Save QUESTION 1 On January 1, 2018. Carter Company issued five-year bonds with a face value of $500,000 and a stated rate of

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12 points Save QUESTION 1 On January 1, 2018. Carter Company issued five-year bonds with a face value of $500,000 and a stated rate of 8% payable annually on January 1. The market rate of interest is 6% a. What is the amount of the annual cash payment for Interest? (Show your calculation to maximize partial credit) b. What is the issue price of the bonds? D

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