Heller Company issues $760,000 of 12% bonds that pay interest semiannually and mature in 10 years. What
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Question:
Heller Company issues $760,000 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.$853,397
b.$817,620
c.None of these are correct.
d.$854,713
e.$760,000
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