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  3. a company issued $250,000 of 5% bonds due in five

A company issued $250,000 of 5% bonds due in five years with interest payable semiannually...

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Accounting

A company issued $250,000 of 5% bonds due in five years with interest payable semiannually

at a time when the market rate for bonds of similar risk was 6%. How much did the company

receive from the bond issuance?

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