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Adonis Corporation issued 10-year, 11% bonds with a par value of $240,000. Interest is paid semiannually. The market rate on the issue date was 10%.

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Adonis Corporation issued 10-year, 11% bonds with a par value of $240,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adonis received $254,957 in cash proceeds. Which of the following statements is true? Multiple Choice Adonis must pay $240,000 at maturity plus 20 interest payments of $13,200 each. Adonis must pay $240,000 at maturity and no interest payments. Adonis must pay $254,957 at maturity and no interest payments. Adonis must pay $254,957 at maturity plus 20 interest payments of $13,200 each. Adonis must pay $240,000 at maturity plus 20 interest payments of $12,000 each

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