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Heller Company issues $950,000 of 10% bonds that pay interest semiannually and mature in 10...

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Question

Accounting

Heller Company issues $950,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 14% per year?

Select one:

A. $ 748,714

B. $ 950,000

C. $ 751,788

D. $1,273,515

E. None of the above

Select one:

a. None of the above

b. $748,714

c. $751,788

d. $1,273,515

e. $950,000

Answer & Explanation Solved by verified expert
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