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Chapter 10 i 10 Part 3 of 3 10 points eBook ! Saved Help Save & Exit Submit Required information [The following information applies
Chapter 10 i 10 Part 3 of 3 10 points eBook ! Saved Help Save & Exit Submit Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 12 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. Print References 3. What bonds payable amount will Claire report on this year's December 31 balance sheet? Note: Round your final answer to nearest whole dollar amount. Worksheet
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