On the first day of the fiscal year, a company issues a $3,200,000,12%,7-year bond that...

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Accounting

image On the first day of the fiscal year, a company issues a $3,200,000,12%,7-year bond that pays semiannual interest of $192,000 ( $3,200,00012%1/2), receiving cash of $3,055,778. Feedback > Check My Work the life of the bond

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