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XYZ Corporation issued $50,000 of 10-year bonds at 95. The bonds pay semi-annual interest at a stated rate of 4%. Calculate the amount of cash

XYZ Corporation issued $50,000 of 10-year bonds at 95. The bonds pay semi-annual interest at a stated rate of 4%. Calculate the amount of cash received from the bond issuance and the semi-annual interest payment.

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