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please show me the steps, no just the answers On July 1, 2012 Poppin Kermels issues $2,000,000 five year bonds with a coupon of 3

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On July 1, 2012 Poppin Kermels issues $2,000,000 five year bonds with a coupon of 3 %. Atthe time of sale the effective Interest is 4 % Interest is to be paid semi annually What type of bond is it? What is the present value (S) of the bond? Principal Coupon Real Interest rate Term Interest Payment Interest amount Present Value interest Present Value Principal Total Present Value of Bond (A) This method uses the PV tables & will not be on the test Results Below Can Be Found On PV Table Rates PV Annuity PV of One time payment Total Present Value of Bond 0 0 0 (B)

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