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DEF Ltd. issued 5-year bonds with a face value of $1,000,000 at a premium. The bonds have a coupon rate of 6%, payable annually. Calculate


DEF Ltd. issued 5-year bonds with a face value of $1,000,000 at a premium. The bonds have a coupon rate of 6%, payable annually. Calculate the annual interest expense, the carrying value of the bonds after 3 years, the total interest expense over the bond's life, and the total cash interest payments.

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