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Determine the selling price of the bond for abc company

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Reference no: EM132769844

Problem 1: ABC Company issued $600,000, 10%, 10-year bonds on January 1, 2010 when the market interest rate was 8%. Interest is paid annually. Determine the selling price of the bond.

Option 1: 305,705
Option 2: 600,000
Option 3: 680,519
Option 4: 277,914

Reference no: EM132769844

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