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Heller Company issues $475,000 of 12% 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 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the bonds market interest rate is 10% per year?

Select one:

a. $534,195

b. $511,012

c. $533,373

d. None of these are correct.

e. $475,000

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