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A corporation issues 5-year bonds with a face (par) value of $1,000,000. The coupon rate is $9% and the bonds pay interest annually. Calculate the

A corporation issues 5-year bonds with a face (par) value of $1,000,000. The coupon rate is $9% and the bonds pay interest annually. Calculate the annual interest payment. You must include the calculation in order to receive credit.

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