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n PV The company issues 5% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is
n PV The company issues 5% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 4.9%. % PVA 10 5.00% 0.61391 | 7.7217 10 4.90% 0.61979 17.7594 20 2.50% 0.61027 15.5892 | 20 | 2.45% | 0.61626 | 15.6630 | (round to nearest dollar) 4. What is the issue price of the bond? $ 5. What is the interest expense for the first interest payment? $. 6. What is the bond liability after the first interest payment? $_
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