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QUESTION 20 If -(based on Question 19 above): * the first semi-annual interest payment is due * Bonds: $7,000 * 8% interest The first semi-annual

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QUESTION 20 If -(based on Question 19 above): * the first semi-annual interest payment is due * Bonds: $7,000 * 8% interest The first semi-annual interest payment would be calculated as: $7,000 x 8% x 1/2 = $280 True False

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