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General Electric Company issues bonds with a face value of $1,000,000 and a coupon rate of 5%. The bonds mature in 10 years. Explain the
General Electric Company issues bonds with a face value of $1,000,000 and a coupon rate of 5%. The bonds mature in 10 years. Explain the process involved in issuing bonds, including the roles of underwriters and the determination of bond terms.
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