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A company issues a $1,000,000, 6%, 10 year bond when the market rate was 8%, and the bond pays interest annually. The cash interest payment
A company issues a $1,000,000, 6%, 10 year bond when the market rate was 8%, and the bond pays interest annually. The cash interest payment recorded in the first payment period will be: A More than $60,000 Less than $60,000 $60,000 each payment period $80,000 each payment period
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