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Martinez Corporation borrowed via a bond issue with the following details: Issue Date: January 1, 2021 Face Value: $5,000,000 Stated Rate: 5.00%, paid twice

Martinez Corporation borrowed via a bond issue with the following details: Issue Date: January 1, 2021 Face Value: $5,000,000 Stated Rate: 5.00%, paid twice per year, June 30 and December 31 Effective Rate: 6.50% Term: 5 years Required What is the carrying value of the bond at 12-31-21?

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