Choose Exercise (1-5): ALT-BOND-BASICS Johnson Company issued $1,000,000 of bonds with an interest rate of...
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Choose Exercise (1-5): ALT-BOND-BASICS Johnson Company issued $1,000,000 of bonds with an interest rate of 4% and 10 year maturity. The bonds were issued at a price of 100%. 1 How much cash did Johnson Company receive at issuance? 2 How much will Johnson need to pay off the bonds at maturity? 3 How much interest will Johnson pay per year? Face Value 4 Were the bonds issued at face value, at a discount, or at a premium
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