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ABC issues $100,000 in bonds payable on 1/1/85. The bonds pay interest annually on 12/31 at 8% and are due in 8 years (12/31/92). A.

ABC issues $100,000 in bonds payable on 1/1/85. The bonds pay interest annually on 12/31 at 8% and are due in 8 years (12/31/92).

A. If the bonds are issued to yield 12%, what is the issue price?

B. If the bonds are issued to yield 6%, what is the issue price?

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