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Maxwell Manufacturing issued $360,000, 9-year, 11% bonds at 106.50. What is the issue price of these bonds? a. $399,600 b. $383,400 c. $336,600 d. $360,000

Maxwell Manufacturing issued $360,000, 9-year, 11% bonds at 106.50. What is the issue price of these bonds?

a. $399,600

b. $383,400

c. $336,600

d. $360,000

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