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On January 1, 2020, a 6-year, 7% coupon bond was issued in the face amount of $1,000,000 at a price to yield 8%. The proceeds
On January 1, 2020, a 6-year, 7% coupon bond was issued in the face amount of $1,000,000 at a price to yield 8%. The proceeds were $953,075 and the bond pays interest semiannually. On June 30, 2020, the current yield was 9%. Round your answers to the nearest dollar. The interest expense recognized on June 30, 2020 is $35,000 The book value on June 30, 2020 is $956,198 The market value on June 30, 2020 is $922,207 > >
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