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What is the carrying value of the bonds

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Question - Texxon Corporation issued $200,000 of 10-year bonds with a payment rate of 6%; payments are made semiannually. Assume that the market interest rate for similar investments is 4%, compounded semiannually.

What is the carrying value of the bonds after the first semi-annual interest payment date (i.e., what amount of debt will be left)?

?a. $231,360.12

?b. $198.423.88

?c. $234,768.90

?d. $196,792.36

Reference no: EM132737502

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