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General Electric Company issued $500,000 of 10-year bonds at 98. The bonds pay semi-annual interest at a stated rate of 6%. Calculate: a) The amount

General Electric Company issued $500,000 of 10-year bonds at 98. The bonds pay semi-annual interest at a stated rate of 6%. Calculate: a) The amount of cash received from the bond issuance. b) The semi-annual interest payment. c) The total interest expense over the life of the bond. d) The book value of the bond after 3 years.

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