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Holiday Brands issued $31 million of 10%, 30-year bonds for $28.5 million. What is the amount of interest that Holiday will pay semiannually to bondholders?

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Holiday Brands issued $31 million of 10%, 30-year bonds for $28.5 million. What is the amount of interest that Holiday will pay semiannually to bondholders? (Enter your answers in whole dollars.) Fraction of_ Face Amount x ount Annual Cash Interest Paid Rate (%) Year

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