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Your Company issued a $ 1 5 0 , 0 0 0 face value bond on January 1 , 2 0 2 0 . The

Your Company issued a $150,000 face value bond on January 1,2020. The 20-year term bond was issued at par and had a 4% stated rate of interest that is payable in cash semiannually. What is the cash related to the first payment to the bondholders on June 30,2020? This would also be the interest expense since the bond was issued at par.

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