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On March 1, YEAR 1, Kramerica Industries (a calendar year end business) issues a $400,000,10 year, 6% bond at face value. Assume interest is paid

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On March 1, YEAR 1, Kramerica Industries (a calendar year end business) issues a $400,000,10 year, 6\% bond at face value. Assume interest is paid semiannually (March 1 and September 1). What amount of interest will Kramerica Industries pay on September 1, YEAR 1? $12,000 $24,000 $14,400 $8,000

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