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What is the market rate on the bond issuance

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Reference no: EM133008585

Question - On January 1, 2000, a $1,000,000 bond, paying 10% interest annually every January 1, was issued at face value, with a term of five years.

1. What is the market rate on the bond issuance?

2. How much is the interest expense for 2000?

3. How much is the total interest payments over the term of the bond?

4. What is the carrying value of the bond as of December 31, 2002?

Reference no: EM133008585

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