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A company issues 7% bonds with a par value of $230,000 at par on January 1. The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on
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A company issues 7% bonds with a par value of $230,000 at par on January 1. The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:_____________

A. $6,900.B. $0.C. $8,050.D. $16,100.F. $13,800.

User Joz Naveen Joz
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6 votes

Answer:

C. $8,050

Step-by-step explanation:

Please see attachment .

A company issues 7% bonds with a par value of $230,000 at par on January 1. The market-example-1
User Silvans Solanki
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