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Auerbach Incorporated issued 4% bonds on October 1,2024 . The bonds have a maturity date of September 30,2034 and a face value of $500 million.

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Auerbach Incorporated issued 4% bonds on October 1,2024 . The bonds have a maturity date of September 30,2034 and a face value of $500 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2025. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $425,614,700, what would the company report for its net bond liability balance on December 31 , 2024 . Note: Round your answer to the nearest thousand. Do not round intermediate calculations. Multiple Choice $499,000,000 $420,615,000 $426,999,000 $430,615,000

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