On July 1, a company issues a $500,000, 8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 8% 1/2), receiving cash of $520,000

On July 1, a company issues a $500,000, 8%, 10-year bond that pays semiannual interest of $20,000 ($500,000 × 8% × 1/2), receiving cash of $520,000

 

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