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Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $2,800,000, 10%, 5-year bond that pays semiannual interest

Issuing Bonds at a Premium

On the first day of the fiscal year, a company issues a $2,800,000, 10%, 5-year bond that pays semiannual interest of $140,000 ($2,800,000

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