(Solution) - Bell Corp issues a bond with the following features Principal 1 000 -(2025 Original AI-Free Solution)

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Bell Corp. issues a bond with the following features:
Principal ............................$1,000
Coupon .................................0%
Maturity ............................5 years
The current interest rate on comparable debt is 7 percent, so the bond initially sells for $713. What is the accrued interest on the bond for each of the next five years?