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On January 1 , a company issues a $1,000,000,10%,5 year bond that buys semiannual interest...

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Accounting

image On January 1 , a company issues a $1,000,000,10%,5 year bond that buys semiannual interest receiving cash proceeds of $980,000. 1. What is the amount of the interest payment? \$ 2. What is the amount of the interest expense? \$

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