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problem: Stacy Company issued 5 year, 10 percent bonds with a face value of $10,000 on January 1, 2007. Interest is paid yearly on December 31. The market price of interest on this date is 8%, & Stacy Company receives proceeds of $10,803 on the bond issuance.

find out the total interest expense over the life of the bonds cash interest payments?

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  • Category:- Basic Finance
  • Reference No.:- M920265

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