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power tap is planning to issue bonds with a face value of $ 1 , 9 0 0 , 0 0 0 and a coupon

power tap is planning to issue bonds with a face value of $1,900,000 and a coupon rate at 6 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Power Tap uses the effective-interest method. Assume an annual market rate of 8 percent. What amount of cash should be paid to investors June 30 and December 31 of this year?

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