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The company issues 6.0%, 20-year bonds with a face amount of $1,000,000 for $1,002,297.71. The market interest rate for bonds of similar risk and maturity
The company issues 6.0%, 20-year bonds with a face amount of $1,000,000 for $1,002,297.71. The market interest rate for bonds of similar risk and maturity is 5.98%. Interest is paid annually. 11. $ 12. $ Determine the interest payment. (rounded to nearest dollar). Determine interest expense for the first interest payment. 
The company issues 6.0%,20-vear bonds with a face amount of $1,000,000 for $1,002,297.72. The market interest rate for bonds of similar risk and maturity is 5.98\%. Interest is paid annually. 11. Determine the interest payment. 12. (rounded to nearest dollar). Determine interest expense for the first interest payment
The company issues 6.0%, 20-year bonds with a face amount of $1,000,000 for $1,002,297.71. The market interest rate for bonds of similar risk and maturity is 5.98%. Interest is paid annually. 11. $ 12. $ Determine the interest payment. (rounded to nearest dollar). Determine interest expense for the first interest payment.
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