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ABC Company will issue $6,900,000 in 6%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually. (FV of $1, PV

ABC Company will issue $6,900,000 in 6%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

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Determine how much cash ABC Company will realize from the bond issue.

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