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A company issues 6% bonds with a par value of $80,000 at par on January 1. The market rate on the date of issuance was

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A company issues 6% bonds with a par value of $80,000 at par on January 1. The market rate on the date of issuance was 5% The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: Multiple Choice $4800 $4,000 o 52.400 13.000 O 30

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