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Morgan Company issues 8%, 20-year bonds with a par value of $800,000 that pay interest...

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Question

Accounting

Morgan Company issues 8%, 20-year bonds with a par value of $800,000 that pay interest semiannually. The amount paid to the bondholders for each semiannual interest payment is.

A) $28000

B) $56000

C) $400000

D) $64000

E) $32000

Answer & Explanation Solved by verified expert
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