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7 : 1 Part A 0 . 0 5 . 0 points ( graded ) On December 3 1 , 2 0 0 0 ,

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7:1
Part A
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On December 31,2000, Attila, Inc., issues bonds with a face value of $1,000,000. These bonds have a coupon rate of 9.4%,
paid annually, and mature in 4 years. The market interest rate at the time of issuance is 4%.
What is the net bond payable at December 31,2001?
$
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Part B
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What is the net bond payable at December 31,2002?
$
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