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Carla Vista Company is issuing long-term bonds to raise money for a planned acquisition. The face value of the bonds is $10899000. The stated interest
Carla Vista Company is issuing long-term bonds to raise money for a planned acquisition. The face value of the bonds is $10899000. The stated interest rate is 10% payable semiannually for the 10 -year term. The current market rate for similar bonds is 8%. What amount of proceeds is closest to the amount that Carla Vista will receive from this bond issue? $12380245.$11443950.$13199638.$10899000
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