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A company issues a bond with an issue value of #1million and pays a coupon rate of 5% interest for two years, then 7% interest

A company issues a bond with an issue value of #1million and pays a coupon rate of 5% interest for two years, then 7% interest for two years. Interest is paid annually on the anniversary of the bond issue. The amortised cost at the end of year 3 is

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