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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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