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The ABC Company issues a $500,000, 12%, 10 year bond. The bond pays interest three times per year. The Market rate for similar bonds

The ABC Company issues a $500,000, 12%, 10 year bond. The bond pays interest three times per year. The Market rate for similar bonds is 9%. Calculate what the bond will sell for and journalize the sale price Construct the amortization table and journalize the first interest payment

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