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On September 1 20x1 a government issues 50 million of 10 year bonds at par. Interest payments of 1 million are due every 6 months
On September 1 20x1 a government issues 50 million of 10 year bonds at par. Interest payments of 1 million are due every 6 months starting on March 1 , 20x2
What amount of interest should tis government record in its 20x1 fund statements?
A .4 million
B 1 million
C 0
D 20 million
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