Question: A 10-year bond issue with a $100,000 par value, 8% annual contract rate, and interest payable semiannually means that the issuer must repay $100,000 at

A 10-year bond issue with a $100,000 par value, 8% annual contract rate, and interest payable semiannually means that the issuer must repay $100,000 at the end of 10 years and make 20 semiannual interest payments of $4,000 each.

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