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Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $2,100,000, 12%, 10-year bond that pays semiannual interest

Issuing Bonds at a Discount

On the first day of the fiscal year, a company issues a $2,100,000, 12%, 10-year bond that pays semiannual interest of $126,000 ($2,100,000

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