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On December 31, 20X1, Mart Company issued a 2-year $10,000 bond that promises an interest...

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Accounting

On December 31, 20X1, Mart Company issued a 2-year $10,000 bond that promises an interest rate of 12%, payable 6% semiannually. Compute the present value of bond as of December 31, 20X1, if the market rate of interest for such securities is 10%.

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