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On October 1, 2020, when the market rate was 10%, Nova Scotia Power Corp issued...

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On October 1, 2020, when the market rate was 10%, Nova Scotia Power Corp issued $1,000,000, 7%, 10-year bonds. The bonds were dated June 30, 2020 and were issued at par plus accrued interest. Interest is payable semiannually on December 31 and June 30. Calculate the total cash received by Nova Scotia Power Corp on October 1, 2020. Show the values you enter in your calculator for N, 1/Y, PMT, FV. If you are using the PV tables, show the values for n, i and the PV factor

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