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Hermosa Vista Company issued $200,000 5-year, 7% bonds and received $202,274 in cash. The market rate of interest when the bonds were issued was 6.5%.

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Hermosa Vista Company issued $200,000 5-year, 7% bonds and received $202,274 in cash. The market rate of interest when the bonds were issued was 6.5%. What is the amount of interest paid to bondholders? Multiple Choice $1314781 $14,000.00 $13,000.00 $14,159.18

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