a company issued 8% , 10 year bonds with a par value of 100,000. interest is paid
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Question:
a company issued 8% , 10 year bonds with a par value of 100,000. interest is paid semiannually . the market interest rate on the issue date was 10%, and the issuer received 95,016 cash for the bonds . on the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest?show work for credit.
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