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Question 3 3 pts $70,000 worth of 5 year bonds were issued on January 1st with a contract rate of 5% and market rate of

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Question 3 3 pts $70,000 worth of 5 year bonds were issued on January 1st with a contract rate of 5% and market rate of 6%. Interest is paid semiannually. Calculate the amount of interest paid to bondholders on July 1st. $4,200 $1,750 $3,500 $2,100 3 pts Ainetian 4

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