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Sindrei [870]
2 years ago
11

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:
Business
1 answer:
aivan3 [116]2 years ago
8 0
The correct answer is $4,900.
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