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Lizzys lemonade issues 7 15-year bonds with a face value

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Lizzy's lemonade issues 7% 15-year bonds with a face value amount of $90,000 for $82,219, priced to yield 8%. Interest is paid semiannually. What amount of interest will be recorded on June 30th, 2012, the first interest payment due?

Reference no: EM13577436

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