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On January first of the new year, Sciamana company issues a $250,000 bond . This is...

On January first of the new year, Sciamana company issues a $250,000 bond . This is a 10 year bond with a stated interest rate of 2% which pays annually. The market rate when the bond was issues was 3%.

How much cash does Sciamana receive when the bond is issued?

How much cash does Sciamana pay to bondholders at maturity (without the interest payment)?

hat is the total interest over the lifetime of the bond?

Please show your work !

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