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Heller Company issues $855,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds' issue price assuming that the

Heller Company issues $855,000 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.$737,589

b.$855,000

c.$673,842

d.$676,609

e.None of these are correct.

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