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Calculate the bond discount as of the date of issue

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Reference no: EM132780592

On January 1, 20X1, when the market rate of interest was 12%, Kampo Inc issued seven-year bonds with a maturity value of $800,000. The bonds have a 10% stated rate and pay interest semi-annually on July 1 and December 31. (Round your intermediate calculations and final answers to the nearest whole dollar amount).

Requirement:

problem 1: Calculate the bond discount as of the date of issue.

Reference no: EM132780592

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