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A bond issue with a $100,000 par value, an 8% annual contract rate, with interest payable semiannually and a 10-year life means that the issuer

A bond issue with a $100,000 par value, an 8% annual contract rate, with interest payable semiannually and a 10-year life means that the issuer must repay $100,000 at the end of 10 years plus make 20 payments of $4,000.

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