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12 On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 3 years. The contract

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12 On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 3 years. The contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The market rate is 11%. Using the present value factors below, the issue (selling price of the bonds is: Present Value of an Annuity (series of payments) 2.4869 5.0757 2.4437 4.9955 3 10.ex 6 5.es 11.08 5.5 Present value of 1 (single sun) 0.7513 0.7462 0.7312 0.7252 Murple Choice 2. ST 5/21

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