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Alex787 [66]
3 years ago
9

On January 1, Year 1, McGee Corporation issues 5%, 10-year bonds with a face amount of $100,000. On issuance date, the market ra

te of interest is 5%; therefore, the issue price of the bonds is $100,000. Interest is paid semiannually on June 30 and December 31. The first payment of interest on June 30 will include a:
Business
1 answer:
padilas [110]3 years ago
3 0

Answer:

Please see attachment

Explanation:

Please see attachment

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