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Adonis Corporation issued 10-year, 9% bonds with a par value of $260,000. Interest is paid semiannually. The market rate on the issue date was 8%.

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Adonis Corporation issued 10-year, 9% bonds with a par value of $260,000. Interest is paid semiannually. The market rate on the issue date was 8%. Adonis received $277, 671 in cash proceeds. Which of the following statements is true? Adidas must pay $260,000 at maturity plus 20 interest payments of $11, 700 each. Adidas must pay $260,000 at maturity plus 20 interest payment of $10, 400 each. Adidas must pay $260,000 at maturity and no interest payments. Adidas must pay $277, 671 at maturity and no interest payments. Adidas must pay $277, 671 at maturity plus 20 interest payments of $11, 700 each

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