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7 On April 1, 2019, Alpha Co. issued $500,000 of 10-year, 12% bonds when market interest rate was 10%. The interest is payable semi-annually on

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7 On April 1, 2019, Alpha Co. issued $500,000 of 10-year, 12% bonds when market interest rate was 10%. The interest is payable semi-annually on September 30 and March 31. The effective-interest method of amortization is used. What is the book value (or carrying value) of bonds liability as of September 30, 2019 (choose the answer that is the closest to your calculation)? 3 00:27:41 PV of $1 (i=10%, n=10): 0.3855 PV of $1 (i=5%, n=10): 0.6139 PV of $1 (i=5%, n=20): 0.3769 PV of $1 (i=12%, n=10): 0.3220 PV of $1 (i=6%, n=10): 0.5584 PV of $1 (i=6%, n=20): 0.3118 PV annuity of $1 (i=10%, n=10): 6.1446 PV annuity of $1 (1-5%, n=10): 7.7217 PV annuity of $1 (i=5%, n=20): 12.4622 PV annuity of $1 (i=12%, n=10): 5.6502 PV annuity of $1 (1-6%, n=10): 7.3601 PV annuity of $1 (i=6%, n=20): 11.4699 Multiple Choice O O 501,884 O 560,432 Multiple Choice O O 501,884 O 560,432 O 564,196 O 559,518 O none of the other choices is correct

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