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Morgan Company issues 9%, 20-year bonds with a par value of $670,000 that pay interest semiannually. The current market rate is 8%. The amount paid

Morgan Company issues 9%, 20-year bonds with a par value of $670,000 that pay interest semiannually. The current market rate is 8%. The amount paid to the bondholders for each semiannual interest payment is:

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