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Morgan Company issues 20-year, $750,000 bonds with a 9% interest rate. The current market rate is 8%. The amount of interest owed to the bondholders

Morgan Company issues 20-year, $750,000 bonds with a 9% interest rate. The current market rate is 8%. The amount of interest owed to the bondholders for each semiannual interest payment is: $60,000. $33,750. $67,500. $30,000. $375,000

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