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please answer a & b (: On January 1, 2018. Carter Company issued five-year bonds with a face value of $500,000 and a stated rate

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On January 1, 2018. Carter Company issued five-year bonds with a face value of $500,000 and a stated rate of 10%, payable annually on January 1. The market rate of interest is 89. a. What is the amount of the annual cash payment for interest? (Show your calculation to maximize partial credit) b. What is the issue price of the bonds

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