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How much interest revenue will kelemen record

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Problem 1: Kelemen Asset Management invested in the bonds of DEF Co. on? 1/1/19. Kelemen intends to hold the bonds until maturity. These 5-year bonds had a face value of $ 1,000,000, pay? 5% interest on? 6/30 and? 12/31 of each? year, and were issued when the market rate of interest was? 6%, resulting in a cost of 957,349. How much interest revenue will Kelemen record on? 6/30/19?

Reference no: EM132791803

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