題組內容

I. On June 30, 2020, Upton, Inc. sold $3,000,000 (face value) of bonds. The bonds are dated June 30, 2020,pay interest semiannually on December 31 and June 30, and will mature on June 30, 2023. The
following schedule was prepared by the accountant for 2020.
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Required: 
On the basis of the above information, answer the following questions. (Round your answer to the
nearest dollar or percent.)

1. What is the market interest rate for this bond issue?