What is the bonds issue price assuming that the bonds market

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Problem 1: Heller Company issues $760,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds' issue price assuming that the bonds' market interest rate is 14% per year?

Select one:

a. $760,000
b. None of these are correct.
c. $598,971
d. $655,634
e. $601,430

Reference no: EM132683569

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