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On 2/1/2020, Taft Corporation issues 20-year bonds, dated 1/1/2020, with a par value of $400,000. These bonds have an interest rate of 4%, and pay
On 2/1/2020, Taft Corporation issues 20-year bonds, dated 1/1/2020, with a par value of $400,000. These bonds have an interest rate of 4%, and pay interest semiannually on June 30th and December 31st. The bonds issued a par plus accrued interest. How much will Taft collect when it issues the bonds?
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