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A firm issues a $10 million bond with a 7% coupon rate. 4 year maturity, and annual interest payments when market interest rates are 6%

A firm issues a $10 million bond with a 7% coupon rate. 4 year maturity, and annual interest payments when market interest rates are 6% The first period interest expense is: 5700.000 $600.000 5620.791

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