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Posted on Sep 07, 2024

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

102

and had a

4 %

stated rate of interest that is payable on December

31

st of each year. How much cash will the bond holders get on December

31, 2020 ?

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