Market interest rate on the issue date

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Northend Company issued 6%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest?

A company had net income of $3,200,000, net sales of $25,000,000, and average total assets of $7,500,000. Its return on total assets equals:

Reference no: EM131247572

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Market interest rate on the issue date : Northend Company issued 6%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. On the first semiannual interest date, what..

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