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Assume bonds with a face value $500,000 and 10 year maturity date are issued by Mac Company on January 1, 2021. The bonds pay
Assume bonds with a face value $500,000 and 10 year maturity date are issued by Mac Company on January 1, 2021. The bonds pay interest semiannually at 12%. The market rate of interest on January 1, 2021 is 14%. What will the interest payment be on June 30, 2021(first interest payment)?
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
