$70,000 worth of 5 year bonds were issued on January 1st with a contract rate of...
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$70,000 worth of 5 year bonds were issued on January 1st with a contract rate of 5% and market rate of 6%. Interest is paid semiannually. Calculate the amount of interest paid to bondholders on July 1st. $4,200 O $1,750 $3,500 $2,100 $70,000 worth of 5 year bonds were issued on January 1st with a contract rate of 5% and market rate of 6%. Interest is paid semiannually. Calculate the amount of interest paid to bondholders on July 1st. $4,200 O $1,750 $3,500 $2,100
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