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PV 10 For 4 - 6 use the following: The company issues 6% 10-year bonds with a total face amount of $1,000,000 with interest paid
PV 10 For 4 - 6 use the following: The company issues 6% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 5.9%. % PVA 6.00% 0.558397.3601 10 5.90% 0.56369 7.3951 20 3.00% 0.55368 14.8775 20 2.95% 0.55908 14.9465 Round to nearest dollar 4. What is the issue price of the bond? $_ 5. What is the interest expense for the first interest payment? $_ 6. What is the bond liability after the first interest payment? $_
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