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What is the carrying value of the bonds

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Question - On January 2, 2016, Concrete Master Construction, Inc. issued $500,000, 10-year bonds for $574,540. The bonds pay interest on June 30 and December 31. The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds after the first interest payment is made on June 30, 2016?

a. $574,540

b. $571,776

c. $568,920

d. $500,000

Reference no: EM132867983

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