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Tran Company issued $900,000,10-year, 6 percent bonds on July 1 of this year. Interest is...

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Accounting

Tran Company issued $900,000,10-year, 6 percent bonds on July 1 of this year. Interest is payable semi-annually on June 30 and
December 31.(FV of $1, PV of $1, FVA of $1, and PVA of $1).(Use the appropriate factor(s) from the tables provided.)
Determine the issuance price of the bonds assuming a market interest rate of 5 percent.
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