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25 On January 1, ABC Corporation issued four-year bonds with a face value of $150,000. The bonds have a stated interest rate of 6%. When
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On January 1, ABC Corporation issued four-year bonds with a face value of $150,000. The bonds have a stated interest rate of 6%. When the bonds were issued, the market interest rate was 4%. The bonds pay interest once per year on December 31. Determine the amount that ABC received at issuance. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1). Your answer should be rounded to the nearest whole dollar amount. Numeric ResponseStep by Step Solution
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