Question: A company issues 9%, 5-year bonds with a par value of $150,000 on January 1 at a price of $156,083, when the market rate of

A company issues 9%, 5-year bonds with a par value of $150,000 on January 1 at a price of $156,083, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment i

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