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ABC Corporation issued bonds with a face value of $10,000,000, a coupon rate of 8%, and a maturity period of 20 years. Create a detailed
ABC Corporation issued bonds with a face value of $10,000,000, a coupon rate of 8%, and a maturity period of 20 years. Create a detailed bond amortization schedule for the first five years. Explain each component thoroughly, including interest expense, coupon payment, principal payment, and ending balance. Interpret the schedule's implications for both the issuer and the bondholders in terms of financial performance and cash flow management.
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