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A 10 year, 5%, $1,000,000 bond was issued on January 1, 2005. The bond pays interest yearly. At the time of issuance, the market rate

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A 10 year, 5%, $1,000,000 bond was issued on January 1, 2005. The bond pays interest yearly. At the time of issuance, the market rate was 6%. The bonds were retired on January 1, 2013 for 102 percent par. What would be the amount of discount that would have to be credited upon the retirement? $0 O $18,330 $45.962 O $73,595 More information is required

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