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jamacia company issues $1,000,000 face value, 8%, 5-year bond on march 1,2023. interest is paid...

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Accounting

jamacia company issues $1,000,000 face value, 8%, 5-year bond on march 1,2023. interest is paid semiannually each August 31 and febuary 28. the bond sells at a price of 95; Jamaica uses the straight-line method of amortizing bond discount or premium. Interest paid by Jamacia to the bondholders at August 31,2023 will be

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