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InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate

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InterTech Corporation needed financing to build a new manufacturing plant. On June 30th, 2017, InterTech issued $3,450,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The market interest rate (also called "effective yield") was 8%. a. How much cash is the company likely to receive for the Bonds? What is the net liability on the Balance Sheet when first issued? b. Record InterTech's first interest payment. c. What is the net liability on the Balance Sheet after the first payment

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