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The company issues 10.0%,10-year bonds with a total face amount of $1,000,000 with interest paid...

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Accounting

image The company issues 10.0%,10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 9.9%. ROUND ANSWERS TO NEAREST DOLLAR 1. What is the issue price of the bond? $ 2. What is the amount of the discount or premium? $ 3. What is the interest expense for the first interest payment? $ 4. What is the bond liability after the first interest payment? \$ 5. What is the interest expense for the second interest payment? $

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