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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: OA. $

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: OA. $ 100,000 OB. $ 46,679. C. $ 385,554 OD. $ 38,554 E. none of the listed choices

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