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Heller Company issues $475,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the
Heller Company issues $475,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 14% per year?
A. None of these are correct.
B. $374,357
C. $409,771
D. $375,894
E. $475,000
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