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What is the bonds issue price

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Question - Heller Company issues $760,000 of 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds' issue price assuming that the bonds' market interest rate is 10% per year?

a. $853,397

b. $817,620

c. None of these are correct.

d. $854,713

e. $760,000

Reference no: EM132699302

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