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27 (3 points) Krystal Corporation issued $100,000 with a 4 percent stated rate of interest on January 1. The effective rate of interest on that
27 (3 points) Krystal Corporation issued $100,000 with a 4 percent stated rate of interest on January 1. The effective rate of interest on that date was 6 percent and interest is paid semiannually on June 30 and December 31. The bonds mature ten years from now. What amount would bondholders be willing to pay Krystal on January 1 for the bonds? $100,000 $140,000 $85,280 $85,123
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