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On January 1, 2020, A T & T issued a $1,000,000 face value 10 year bond with a coupon rate of 10% when the market
On January 1, 2020, A T & T issued a $1,000,000 face value 10 year bond with a coupon rate of 10% when the market rate was 9.5% for $1,881,976. How much interest does this bond pay every year to the bondholders?
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