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Lowell Corp. sells $100,000 of bonds to private investors. The bonds are due in five years, have an 6% coupon rate, and interest is paid
Lowell Corp. sells $100,000 of bonds to private investors. The bonds are due in five years, have an 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 6%. What proceeds does Lowell receive from the investors? A. $100,000 B. $112,000 C. $91,889 D. $108,530 E. None of the above
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