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Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face velue of $370

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Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face velue of $370 million The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market wes 6% Assuming that Auerbach issued the bonds for $319,716,000, what would the company report for its net bond liability balance aher its first interest payment on March 31, 2019 rounded up to the nearest thousand? naa12 Multiple Choice $324098.960 $321007480 $319.716.000 $317524520 O O

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