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On January 1, 2016, Rahman Co. issued five-year bonds with a face value of $100,000 and a stated interest rate of 8%, payable semiannually on

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On January 1, 2016, Rahman Co. issued five-year bonds with a face value of $100,000 and a stated interest rate of 8%, payable semiannually on June 30 and December 31. Assume that the bonds were sold to yield 6%. Instructions: 1. Compute the amount of cash Rahman Co. received on 1/1/2015 (6 points)

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