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A ten year, 10%, $1,000,000, zero coupon bond is issued on January 1. The interest expense for the first year would be approximately: A. none

A ten year, 10%, $1,000,000, zero coupon bond is issued on January 1. The interest expense for the first year would be approximately: A. none of the listed choices B. $ 385,554 C. $ 38,554 D. $ 100,000 E. $ 46,679.

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