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Adonis Corporation issued 10 year, 7% bonds with a par value of $220,000 Interest is paid semiannually. The market rate on the issue date was
Adonis Corporation issued 10 year, 7% bonds with a par value of $220,000 Interest is paid semiannually. The market rate on the issue date was 6% Adonis received $236,371 in cash proceeds Which of the following statements is true? Multiple Choice Adonis must pay $236,371 st maturity and no interest payments Adonis must pay $236,371 s maturity plus 20 interest payments of $7700 each O Adonis must pay $220.000 ot maturity and no interest payments Adonis must pay $220.000 at maturity plus 20 interest payments of $6.600 each Prey 27 of 32 Next >
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