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Question 11 1 pts Company Z issues a $700,000 5% bond due in 20 years. Interest is payable annually at year-end. The market rate is

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Question 11 1 pts Company Z issues a $700,000 5% bond due in 20 years. Interest is payable annually at year-end. The market rate is 4%. What is the value of the discount or premium associated with the bond at issuance? $95,135 premium $95,135 discount $87,235 premium $87,235 discount

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