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Demonstrate the issuance price of the bonds is

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Reference no: EM132553566

Question 1: Global Company issued $1,000,000, 8%, seven-year bonds, interest payable semiannually. The market rate of interest was 6%. The issuance price of the bonds is

Group of answer choices

Option a: $1,151,480.

Option b: $1,112,840.

Option c: $1,111,560.

Option d: $1,000,000.

Reference no: EM132553566

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