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What is the bonds issue price for heller company

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Problem 1: 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?

Select one:

a. $853,397
b. $760,000
c. None of these are correct.
d. $854,713
e. $817,620

Reference no: EM132683459

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