The current interest rate on comparable debt is 7 so the

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ABC Corp. issues a bond with the following features:

Principal = $1,000
Coupon = 0%
Maturity = 5 Years

The current interest rate on comparable debt is 7%, so the bond initially sells for $713. What is the accrued interest on the bond for each of the next five years? Show your work.

Reference no: EM13477181

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