What amount of cash should be paid


A company issued 9.2%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate of the issue date was 10%, and the issuer received $95,016 for the bonds. On the first semiannual interest date, what amount of cash should be paid to the holds of these bonds for interest?

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Accounting Basics: What amount of cash should be paid
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