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Heller Company issues $855,000 of 12% bonds that pay interest semiannually and mature in 10 years. What is the bonds issue price assuming that the

Heller Company issues $855,000 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. $961,552

b. $919,822

c. None of these are correct.

d. $960,072

e. $855,000

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