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A company issues 9%, 5-year bonds with a par value of $100,000 on January 1 at a price of $106,160, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Net Income
The amount of profit left after deducting all costs, taxes, and expenses from total revenue.
Accumulated Depreciation
The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life.
Cash Dividends
Payments made by a corporation to its shareholder members, typically in the form of cash, as a distribution of profits.
Accounts Receivable
Money owed to a company by its customers from sales or services rendered on credit.
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