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Hillinger, Inc. issues $100,000 of 4% bonds on January 1, Year 1. The bonds have a five-year term and pay interest semiannually on June 30
Hillinger, Inc. issues $100,000 of 4% bonds on January 1, Year 1. The bonds have a five-year term and pay interest semiannually on June 30 and December 31 each year. Assuming a market interest rate of 5%, what is the carrying value of the bonds as of December 31, Year 1? A.$96,015 B.$96,415 C.$97,000
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