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1)ABC Co. purchased $160,000 of 6%,5-year bonds on January 1,2022 , with interest payable on July 1 and January 1 . The interest rate for

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1)ABC Co. purchased $160,000 of 6%,5-year bonds on January 1,2022 , with interest payable on July 1 and January 1 . The interest rate for bonds with similar risk in the market at the time of purchase is 8%. What should be the purchasing price of the bonds on January 1,2022

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