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Question 40 2 pts As of today, the carrying value of a bond was $ 288,190 and the face value of the bond was
Question 40 2 pts As of today, the carrying value of a bond was $ 288,190 and the face value of the bond was $508,430. The effective interest rate was 16% while the contract rate of interest was 8% with interest payments semiannually on June 30 and December 31. Rounding to the nearest dollar, what is the interest payment made to the bondholder on June 30?
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