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Johnson Company issued $600,000, 10%, 10-year bonds on January 1, 2010 when the market interest rate was 12%. Interest is paid annually. Determine the selling

Johnson Company issued $600,000, 10%, 10-year bonds on January 1, 2010 when the market interest rate was 12%. Interest is paid annually. Determine the selling price of the bond.

212,500

532,195

193,182

600,000

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