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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

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.$760,000

c.None of these are correct.

d.$854,713

e.$817,620

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