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ABC Company will issue $6,200,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is pald semiannually (FV of $1. PV

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ABC Company will issue $6,200,000 in 8%, 10-year bonds when the market rate of interest is 10%. Interest is pald semiannually (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine how much cash ABC Company will realize from the bond issue. (Round your final answer to nearest whole dollar.) Bond issue price

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