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ABC company issues 8-year, $200,000 bonds on January 1, 20x1. The stated rate is 6%, interest is payable semi-annually on 6/30 and 12/31. The effective
ABC company issues 8-year, $200,000 bonds on January 1, 20x1. The stated rate is 6%, interest is
payable semi-annually on 6/30 and 12/31. The effective rate is 8%. Calculate the amount of cash
received for the bonds.
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Question 18 options:
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