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Enviro Company issued 10-year, 7% bonds with a par value of $280,000. Interest is paid semiannually. The market rate on the issue date was 6%.
Enviro Company issued 10-year, 7% bonds with a par value of $280,000. Interest is paid semiannually. The market rate on the issue date was 6%. Enviro received $300,836 in cash proceeds. Which of the following statements is true? Multiple Choice Enviro must pay $280.000 at maturity plus 20 interest payments of $9.800 each Enviro must pay $300.836 at maturity and no interest payments. Enviro must pay $300.836 at maturity plus 20 interest payments of $9,800 each Enviro must pay $280,000 at maturity and no interest payments Enviro must pay $280,000 at maturity plus 20 interest payments of $8.400 each. Next
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