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Please answer the question thanks! On January 1, 20X1, Smithfield Corp. issues twenty-year bonds with a total face value of $800,000 and a stated interest

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On January 1, 20X1, Smithfield Corp. issues twenty-year bonds with a total face value of $800,000 and a stated interest rate of 3%, payable semi-annually on July 1 and January 1 beginning July 1, 20X1. The bonds are issued to yield a market rate of 4% compounded semi-annually

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