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Morgan Company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semiannually. The current market rate is 8% The amount paid

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

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