XYZ Inc issued 200 10- year bonds with face value of $1,000 paying semi-annually on January 2, 2021. The coupon rate on

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answerhappygod
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XYZ Inc issued 200 10- year bonds with face value of $1,000 paying semi-annually on January 2, 2021. The coupon rate on

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XYZ Inc issued 200 10- year bonds with face value of $1,000paying semi-annually on January 2, 2021. The coupon rate on thesebonds is 1% and Yield-to-Maturity of these bonds is 2%.
As a result, the company received $909.77 per bond at the timeof issue and sale.
Q1) What is the interest payment in 2021?
Q2) What is the interest expense in 2021?
Q3) What is the book value of the bonds on December 31,2021?
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