[Solved] Heller Company issues $760,000 of 10% bon

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Heller Company issues $760,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds' issue price assuming that the

Heller Company issues $760,000 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?

Select one:

a.$760,000

b.None of these are correct.

c.$598,971

d.$655,634

e.$601,430

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