WaterwayLtd.issued a $1,062,000, 10-year bond dated January 1, 2020. The bondwas sold to yield 12% effective interest. The bond paid 10%interest on January 1 and July 1 each year. The company's yea Waterwayl.td. issued a \( \$ 1,062,000,10 \) year bond dated January 1, 2020. The bond was sold to yield \( 12 \% \) effective interest. The bond paid 10\% interest on January 1 and July 1 each year. 1 answer