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On January 1, 2017, Kaizen Corporation issued a $450 million note that matures in 5...

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Accounting

On January 1, 2017, Kaizen Corporation issued a $450 million note that matures in 5 years. The note has a stated interest rate of 6 percent. When the note was issued, the market rate was 6 percent. The note pays interest twice per year, on June 30 and December 31. Use Table 9C.1, Table 9C.2

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